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CRISIL Ratings Limited (A subsidiary of CRISIL Limited, an S&P Global company)

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Threads and wrinkles

Revenue to decline 10-12% in fiscal 2024 because of lower price realisation. Improved price competitiveness due to lower cotton prices, healthy domestic demand and recovery in exports to drive 3-5% volume growth

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The march of capital goods

Indian capital goods sector revenue seen up 10-12% this fiscal, compared with 14-16% in fiscal 2023*

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