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In October 2025, India’s textile and apparel imports into the US fell sharply, with total apparel imports down 28.5%, cotton apparel down 30.6%, cotton sheets plunging 46.6%, and towels declining 17.1%. India also lost market share across most segments, ceding ground to competitors such as Vietnam and Pakistan, while towels were the only category to gain share, largely at China’s expense.
Business
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Moneycontrol•03-02-2026, 12:02

India-US Trade Deal Boosts Textile Stocks: Tariff Cut to 18% Sparks Recovery Hopes

  • •India-US trade deal reduces reciprocal tariffs on Indian goods to 18%, aiming to revive the textile sector.
  • •Textile stocks surged 10-15% in early trades on January 2, following the announcement.
  • •Previously, US tariffs of up to 50% had severely impacted Indian textile exports, leading to market share loss to competitors like Vietnam and Pakistan.
  • •The new tariff level of 18% brings India's competitiveness on par with or better than other emerging economies.
  • •Companies with high US exposure, such as Indo Count Industries, Gokaldas Exports, Welspun India, and Himatsingka Seide, are expected to benefit significantly.

Why It Matters: The India-US trade deal's tariff reduction to 18% is set to revitalize India's textile export sector.

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