If US tariffs continue, ICRA expects the revenues of Indian apparel exporters to drop by 6-9 per cent in FY26 in spite of the implementation of the FTA with the UK and diversion of supplies elsewhere.
ICRA recently revised the outlook on India’s apparel exports industry to negative from stable.
Lower exports and pressure on pricing is expected to contract industry operating margins by 200-300 bps in FY26.If US tariffs continue, ICRA expects the revenues of Indian apparel exporters to drop by 6-9 per cent in FY26 in spite of the implementation of the FTA with the UK and diversion of supplies elsewhere.
ICRA recently revised the outlook on India’s apparel exports industry to negative from stable.
Lower exports and pressure on pricing is expected to contract industry operating margins by 200-300 bps in FY26.
India’s FY26 apparel exports to fall 6-9%; outlook negative now: ICRA
