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Indian textile sector poised for growth amid global market disruptions
India's textile sector is set for growth as global disruptions in competing markets, particularly in China and Bangladesh, create new opportunities for exporters. With rising labor costs in China and political instability in Bangladesh, Indian apparel exports to the US and UK have increased, reaching 7% and 6% respectively in 2024. Companies like Gokaldas Exports anticipate improved demand in the second half of the year, driven by the festive season and the end of the global inventory de-stocking cycle.
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