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Demand for Indian home textiles is expected to continue to grow at over 8 per cent as seen in the recent past, aided by exports to traditional markets and deeper penetration into non-traditional markets.
GDP growth forecast trimmed to 7%
CRISIL has trimmed its fiscal 2018 growth forecast for India by 40 basis points to 7 per cent from 7.4 per cent earlier, after data for the first quarter showed GDP growth at 5.7 per cent, the slowest in the past three years.
41% MSMEs see surge in cheque & e-payments
CRISIL’s nationwide survey of micro, small and medium enterprises (MSMEs) shows a substantial shift away from cash transactions following the government’s move to demonetise bank notes of Rs 500 and Rs 1,000 denomination recently.
Vardhman Group: A big leap forward
Vardhman Group was ranked as the second most admired company in the Indian textile industry by Fortune India (July 2013). As one of the few ¨AA¨ rated companies by CRISIL in the textile industry, Vardhman Group has made rapid strides since its inception in 1965.
E-tailing to touch Rs 50,000 cr
As per a study by CRISIL, online retailing - both direct and through marketplaces such as eBay - will triple to become a Rs 50,000 crore by 2016, growing at a whopping 50-55 percent per year over the next three years
Branded Apparels on Fast Growth Track
The branded apparel market in India is expected to witness a positive growth over the next few years, though the organised apparel retail in India has been struggling with sluggish growth.
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