Free trade agreements, EU slowdown threaten Indian apparel exports: Icra

The impact though, is expected to be cushioned by the transitory increase in export incentives till December 2019

Rating agency ICRA on Tuesday said though domestic apparel exports are expected to remain in the positive zone during rest of the year, there are multiple threats looming which could slow down the pace and make it challenging for exporters.

India's apparel exports have revived during the current financial year, growing by about 4 per cent year-on-year during first 4 months of the 2019-20, after two consecutive years of de-growth, by 3-4 per cent per annum in the previous two fiscal.

"External environment for India's apparel exporters remains challenging amid a pick-up in activity on several free trade agreements among the key