India's jute industry set for meaningful turnaround this fiscal, says Crisil

India's jute industry is positioned for a significant recovery in the current fiscal year, according to ratings agency Crisil. Sales volumes are projected to grow approximately 15 per cent after experiencing an annualised decline of 10 per cent over the previous two fiscal years.

The turnaround reflects improved market conditions and demand recovery in the sector, which has faced headwinds in recent periods.