West Asia truce seen reviving India textile exports as Hormuz reopens, input costs ease
CITI projects FY26 textile exports at Rs 3.16 lakh crore as a West Asia peace deal restores Strait of Hormuz shipping and softens polyester (+25%) and cotton costs. Apparel shipments fell 11.66% YoY in April; Tiruppur, holding 90% of cotton knitwear exports, stands to gain alongside FTA-led diversification beyond UAE.
West Asia peace deal expected to revive India's textile and apparel exports, easing polyester and cotton input costs, restoring Strait of Hormuz shipping, and supporting Tiruppur knitwear exporters and FTA-led diversification beyond UAE markets.