Cotton leads Indian textile sector recovery

The prices of textile products in India gained traction in October, with an incremental and gradual demand recovery due to the festive season and unlocking. While cotton prices continued to gain by 2-4 per cent month on month (MoM) in October on account of the resumption in demand from the casual wear, knitted and home textile segments, they were lower by about 5 per cent year on year (YoY), according to the October edition of India Ratings and Research’s (Ind-Ra) credit news digest on India’s textile sector.