Mostly every industry faced a boon in the country during the pandemic. Fortunately, things seem better now for all of them. Being the second largest producer of apparel and garments, India has witnessed to provide employment to as many as 4.5 million people. One of the majorly impacted industries is the textile industry in the last 2 years but recent data predicts that the industry will grow with 2.5X capacity by 2029.
The distinctive moats that are in place make the Indian textile industry stand out from the rest of the globe. Additionally, this has a number of benefits for the Best Textile Sector Stocks in India. When we look at domestic desires, the products are also tied to or peculiar to certain cultures. Giving Indian producers a competitive advantage has however profited from the country’s lower cost of production when compared to other western nations.
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