Big SETBACK to China: India's export to US sees HUGE uptick this year—Mansi Dave lists stocks which are poised to BENEFIT

India is the largest exporter of textiles to the United States

India is the largest exporter of textiles to the United States

India is the largest exporter of textiles to the United States after China. This is due to the fact that the United States does not want to do business with China, and the United States has become more dependent on India. The US reliance on India is very positive for this sector. China's exports to the United States have declined 28% over the past five months, while India's exports have increased significantly over the period. "

Textile exports from India to the United States have grown significantly year on year. Compared to January-May 2020 and January-May 2021, yarn exports to the United States increased from 7 million to 11 million. Likewise, the export of finished fabrics increased from 130 million per year over the same period. 222 million and the garment sector. During the reporting period, it increased from Rs 144 to Rs 177 crores.

Overall, compared to last year's 305 kronor exports, India increased its exports to 447 kronor in the first five months, an increase of 46-47%, ”stated Munsi Dave.

India's textile export to the US comprises yarn segment (14%), home textile (11%) and global textile (4%), she mentioned.

Gokaldas Exports, Nahar Spinning Mills Ltd, Precot Limited, Loyal Textile Mills Ltd, Century Textile and Industries Ltd are not very new names, but over time the rates in these companies will increase. the next day. Well-known companies in the sector such as Arvind Fashions, Raymond, Bombay Dyeing and Monet Carlo automatically benefit.

  

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