India’s cotton yarn industry to spin back to recovery in FY25: ICRA

NEW DELHI: The domestic cotton spinning industry will recover in FY25, growing 6-8 per cent, rating agency ICRA said .

The recovery will be aided by 4-6 per cent volume growth and mild-realisation gains, the rating agency said.

The estimated recovery would follow two consecutive years of de-growth on the back of subdued domestic demand and falling yarn realisations.PTI