Inventory glut may last 6 months more: Welspun’s Goenka1 min read . Updated: 27 Nov 2022, 10:36 PM IST
Exports of cotton yarn and jute products plunged over 40% in October as demand slowed in India’s major markets amid high inflation and fears of a recession
Rising interest rates and the ongoing energy crisis could extend demand slowdown in the west for another six months, Welspun India chief executive officer and managing director Dipali Goenka said, and added that the domestic market continues to offer healthy growth opportunities for the textile industry.
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