India’s large apparel and home textile industry players’ revenue is projected to fall 15–25 per cent and margin to decline 2–5 per cent in 12–18 months due to US tariffs, according to Ind-Ra.
Net leverage may rise by 1–1.5 times, with MSMEs most vulnerable.
While India risks losing competitiveness to peers, trade deals with the UK, UAE, Australia, and a potential EU pact may aid diversification.