Synopsis: Indian textile exporters fell sharply on Thursday after the US imposed a 25 percent tariff on Indian imports. Stocks like Gokaldas Exports, Indo Count, and Welspun Living, which have high US revenue exposure, tumbled. Investor sentiment turned negative as...
Textiles contribute 2 percent to India’s GDP, and the country ranks as the sixth-largest exporter of textiles globally, contributing 8.21 percent to the country’s total exports in 2023-24. The sector holds a 4.5 percent share in global trade, with the United States...
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