India Ratings and Research (Ind-Ra) has maintained a stable outlook for the country’s textile sector for 2019-20. Strong domestic demand, along with the waning impact of the disruptions due to the goods and services tax (GST) and demonetisation and the rising export of textiles aided by a weak Indian rupee, is likely to lead to volume growth and make firms profitable. Ind-Ra expects textile industry players to register improved cash flow from operations for fiscal 2019-20, as their working capital would stabilise as challenges related to demonetisation and GST subside, according to a report.