US Tariffs: India Could Lose Major Share Of Textile Exports Over 3-6 Months, Says Pearl Global MD
Published on: Aug. 29, 2025, 8:22 a.m. | Source: NDTV Profit
India's textile and apparel industry is facing an existential threat following the imposition of a crippling 50% tariff by the United States, according to Pallab Banerjee, Managing Director (MD), Pearl Global Industries. “If India remains at 50% even for three to six months, I fear that India will lose a major share of this business. The $6 billion of apparel exports may come down to about 10% or 15%,” he told NDTV Profit on Aug. 28.
