Tag: Indian Apparel Exporters Brace for Global Economic Slowdown Amid UK and Japan Recession

Indian Apparel Exporters Brace for Global Economic Slowdown Amid UK and Japan Recession Recent reports indicating a potential recession in the United Kingdom and Japan have raised concerns among Indian apparel exporters, given the significance of these markets. However, industry experts remain cautiously optimistic about the immediate impact on Indian exports. Dalpat Lodha, Chairman of Lodha Impex in Jaipur, a prominent figure in the Indian apparel export sector, believes that while Japan and the UK are important destinations, the current economic downturn may not severely affect apparel exports. Lodha notes that Japanese retailers may not face significant inventory stockpiles, suggesting that apparel exports to Japan should remain stable in the coming months. Read: Pakistan Textile...