Indian apparel exports to be on growth path in next fiscal: ICRA

India's apparel exports are expected to revert to a growth trajector y in FY2022 with a recover y in demand in key markets of the United States and the European Union, according to investment information firm ICRA. The export demand will partly benefit from the low base effect and is likely to be supported by the increasing the focus of large buyers on diversifying their sourcing base beyond China. But the risk of a fresh wave and surge in infections remains, said ICRA.