US tariffs hit India’s textile exports by 50%: CITI
India's textile and apparel exporters are reeling from a 50% US tariff, with nearly a third reporting turnover drops over 50%, a Confederation of Indian Textile Industry (CITI) survey found. Liquidity crises, inventory pile-ups, and shrinking orders are worsening the situation. The industry seeks a loan moratorium, raw material reforms, and urgent policy support to restore export competitiveness.