As coronavirus spreads, textile and garment exports may decline by 40%

The demand for textile products and also domestic sales have come down to a grinding halt due to the panic situation created by the outbreak of Covid-19.

India's export of textile and garments are likely to decline by 40 per cent in coming months due to halt in shipment to coronavirus (Covid -19) countries.

The Covid-19 virus is spreading rapidly not only in China but also in other parts of the world including India. While the government in collaboration with corporate has taken remedial steps to contain the spread of the virus across the country, its impact on the economic activity including the export and import business is bound to happen.  

"As per the current estimates, India's textile exports will decline by over 40 per cent in