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India-Ratings assigns stable outlook for cotton textiles in FY18

India-Ratings assigns stable outlook for cotton textiles in FY18

Tuesday, March 14, 2017, 10:10 AM

India-Ratings has maintained a stable outlook for cotton textiles for the next financial year following steady input prices, healthy capacity utilisation and healthy domestic demand. The agency has revised its cotton outlook to stable for FY18 from negative for FY17, in view of stable input prices, healthy capacity utilisation and steady domestic demand scenario. It will emanate through fiscal incentives and implementation of GST.
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