For this reason, the retail sector, of which apparel and textile companies are a part, tends to move along with major indices like the S&P 500, although not necessarily to the same magnitude.
The textile and apparel (T&A) sector remains central to India's economy, contributing significantly to the Gross Domestic Product (2.3%), industrial production (13%), and exports (12%).
Owing to its advanced technology, platforms like the Belt and Road Initiative and the deepening relationship, China could help Africa unlock the potential of its textile and apparel sector.