KPMG

KPMG study, Retail News, ET Retail

New Delhi : India’s textiles and apparel sector generation is envisioned to decline by ten-twelve per cent in the April-June quarter owing to the coronavirus pandemic, in accordance to a examine by KPMG in India. Desire shocks are envisioned to damage India’s textile exports in excess of the future several quarters, the examine noticed, assessing the present and probable influence of coronavirus on the sector.

“With lockdown in China, selling price of guy-made fibre imports is envisioned to increase significantly, ensuing in bigger selling price for some products in the domestic marketplace. If the present scenario persists in excess of the future several months, the domestic retail marketplace would also be impacted significantly,” explained the examine. From a manufacturing perspective, employment would be impacted owing to constrained need in both equally domestic and worldwide marketplace, it disclosed.

Apart from, assessing the coronavirus influence on the country’s micro, compact and medium

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