India Ratings and Research (Ind-Ra) has revised the textile sector's outlook to negative for FY21 from stable as weak domestic demand growth, threat of cheap imports and dwindling incentives and exports are likely to keep volumes muted.It, however, expects key raw material prices to remain low in FY21 after a correction in FY20, contributing to a modest recovery in margins, stable working capital requirements and steady cash flows.Ind-Ra expects cotton prices to stabilise with improved cotton supply and an inventory build-up in FY21. Читать дальше...