Ramakrishnan M, Managing Director, Primus Partners, shares his view on recovery in the textile industry driven by steady domestic demand and expanding e-commerce in tier 2 and tier 3 markets. However, challenges such as international unrest, sharply increased production costs due to higher freight charges (up 40% to 50%), global inflation, and subdued consumer confidence are expected to keep global demand flat or slightly declining in the near future. Read Now !