Negative to stable outlook for Indian textiles - Fitch

摘要

Fitch Ratings has stated that the outlook for Indian cotton textiles is negative to stable in 2012, while the outlook for Indian synthetic textiles is stable. Margin pressure persists for both cotton and synthetic textiles driven by rising wage costs and power costs (in cluding shortage of power), and higher interest rates. Cotton textiles are also facing challenges of a slower demand pick-up and a loss of margins. However, recov ery is expected from the falling cotton prices, subject to any further volatility in input costs or forex move ments.