Iran truce may revive India's textile exports as Hormuz reopens, says CITI
Industry body CITI expects ceasefire and Strait of Hormuz reopening to ease shipping and input cost pressures, after India's textile exports fell 11.66% YoY in April. Polyester prices had jumped 25% during the conflict; FY26 exports are projected at ₹3.16 lakh crore.
Iran ceasefire and reopening of Strait of Hormuz expected to revive India's textile exports to Europe and West Asia, easing polyester and cotton input costs after exports fell 11.66% YoY in April amid war-driven supply chain disruptions.