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US tariffs drag India apparel export growth to modest 1.5%: ICRA

Indian apparel exports saw modest growth, impacted by US tariffs. A weaker rupee helped boost earnings in local currency. Shipments to the UK and UAE provided some relief. ICRA forecasts stronger revenue growth and improved financial health for exporters in the coming year. Geopolitical risks remain a concern for the sector.

31 Mar 2026 8:46 pm