An analysis of jute companies rated by CRISIL Ratings, accounting for 30% of the sector’s revenue, indicates as much.Exports, which form a third of the sector’s revenue of Rs 12,000 crore, are seen 15% lower this fiscal, after falling 8% last fiscal as overseas channel partners continue to destock amid slowdown worries in the US and Europe (key markets accounting for over 60% of the total exports from India).
An analysis of jute companies rated by CRISIL Ratings, accounting for 30% of the sectors revenue, indicates as much.Exports, which form a third of the sectors revenue of Rs 12,000 crore, are seen 15% lower this fiscal, after falling 8% last fiscal as overseas channel partners continue to destock amid slowdown worries in the US and Europe (key markets accounting for over 60% of the total exports from India).