India's textile exporters to see 20-25% growth this fiscal: Icra eport

Sharp surge in demand for home improvement products; strong festive demand seen this year backed by favourable vaccination coverage across key markets

Driven by pandemic-induced lifestyle changes, India’s textile exporters are set to see a growth of 20-25 per cent during the current financial year, said a report by rating agency Icra.

The factors that have driven a sharp surge in demand for home improvement products over the past one year are expected to sustain during the remaining quarters of FY2022, continuing on the trend of the past three quarters. Moreover, expectations of a strong festive demand this year, backed by favourable vaccination coverage across key markets is reflected in the healthy order book position of Indian home textile exporters.

Icra’s sample set of