Crisil warns India's garment sector revenue growth will slow to 3-5% in FY26 as US tariffs rise to 50%, eroding competitiveness against Bangladesh, Vietnam and China
A 50% US tariff on Indian garments, tied to Russian oil purchases, has shocked buyers and suppliers, prompting plans to shift production to countries like Ethiopia and Nepal
Key garment exporters including Welspun Living, Gokaldas Exports, Indo Count and Trident, make 40 per cent-70 per cent of their sales in the United States
