India's textile industry is well-positioned to benefit from both a cyclical recovery in global demand and a long-term structural shift in global sourcing patterns, according to Siddhartha Khemka, Head-Retail Research, MOSL . While inventory normalisation in key export markets is supporting near-term growth, he believes the larger opportunity lies in India's rising role as global apparel brands diversify manufacturing away from China.
Explaining the outlook, Khemka said the sector's recovery is being driven by a combination of cyclical and structural factors, although the structural story is expected to be far more significant over the coming years.
