Why Page Ind, Arvind & others rallied up to 18% after US levies tariff?

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Why Page Ind, Arvind & others rallied up to 18% after US levies tariff? - Business Standard

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Why Page Ind, Arvind & others rallied up to 18% after US levied tariff?

For instance, we see this as an opportunity for labor-intensive textile, footwear, and furniture industries as other key exporters such as Vietnam, Bangladesh, Sri Lanka, and Pakistan have all been hit by higher tariffs," said Bloomberg's analyst Chetna Kumar.

Meanwhile, India's textile sector contributes only 2 per cent to its gross domestic product (GDP), while for competitors Bangladesh and Vietnam, it is at 11 per cent and 15 per cent.