The signing of India-US trade deal remains key monitorable as any revision to the current tariff rates to below India's competitive peers would be positive for the textile sector, say analysts.
In the past week, textile stocks have fallen by up to 18 per cent following Trump's announcement of a 25 per cent tariff
In the medium to long term India's tariff rate are competitive with other major exporting countries and hence exports order will normalise once tariff effect gets absorbed in the market.