Iran truce may revive India's textile exports as Hormuz reopens, says CITI
Industry body CITI expects ceasefire and Strait of Hormuz reopening to ease shipping and input cost pressures, after India's textile exports fell 11.66% YoY in April. Polyester prices had jumped 25% during the conflict; FY26 exports are projected at ₹3.16 lakh crore.
What happened
Confederation of Indian Textile Industries · Iran ceasefire and reopening of Strait of Hormuz expected to revive India's textile exports to Europe and West
Key facts
- 14% decline March MoM
- 3.5% decline April MoM
- 11.66% YoY April drop
- 25% polyester price rise
- ₹3.16 lakh crore exports FY26
Why this matters
Distressed mid-tier exporters battered by the 11.66% April drop and 25% polyester spike are prime acquisition targets ahead of the demand recovery.