Demand expected to pick up from H2 FY2024, with an improvement in orders from the downstream apparel companies gearing up for Spring/Summer season of 2024.
The rating agency expects demand for the industry to improve. However, an expected moderation in cotton prices will lead to lower realizations, which is likely to translate to a 7% year-on-year (YoY) decline in revenues to about Rs 34,000 crore in FY24.
Rising vegetable prices may push India s inflation to 5 5 per cent: Economist - khabarindia.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from khabarindia.in Daily Mail and Mail on Sunday newspapers.
With the favourable base effect continuing to fade, India s Consumer Price Index (CPI) inflation is expected to have increased in June from May s 25-month low of 4.25 percent.