Economy

Bangladesh Garment Sector Hit By Iran Conflict, Rising Costs

Textile Insights April 9, 2026

Bangladesh’s garment industry is facing renewed pressure as the Iran conflict disrupts shipping routes and drives up energy costs, threatening the country’s key export engine. The ready-made garment (RMG) sector, which contributes over 80% of export earnings and employs around 4 million people,

Economy

Tax Uncertainty Tops Bangladesh Pre-Budget Talks

Textile Insights April 8, 2026

Foreign business chambers have raised concerns over tax unpredictability, rising fiscal burden and trade policy imbalances during a pre-budget consultation in Dhaka, urging the government to create a more stable and investor-friendly environment. The issues were highlighted at a discussion organised by the European Union Chamber of Commerce in Bangladesh with the National

Economy

RBI Likely To Hold Rates Amid Inflation Risks From Global Turmoil

Textile Insights April 7, 2026

Reserve Bank of India is expected to keep the benchmark repo rate unchanged at 5.25% in its April monetary policy review, as rising inflation risks linked to the ongoing Middle East crisis complicate the outlook, according to economists. A poll indicates that the central bank is likely to adopt a cautious approach amid heightened uncertainty […]

Economy

Ludhiana Textile Sector Weathers LPG Crisis, But Cost Pressures Mount

Textile Insights April 7, 2026

Ludhiana’s textile and hosiery industry has remained largely insulated from the ongoing LPG shortage that has disrupted manufacturing activity in several parts of the country, thanks to its continued reliance on alternative fuels. Unlike major textile hubs such as Surat, where a widespread shift to LPG has forced production cuts and temporary shutdowns, Ludhiana’s units

Economy

Moody’s Cuts India Growth Forecast To 6% Amid West Asia Conflict Risks

Textile Insights April 7, 2026

Moody’s Ratings has lowered India’s GDP growth forecast for FY27 to 6%, down from its earlier estimate of 6.8%, citing the economic impact of the ongoing West Asia conflict on energy supplies, inflation, and overall growth momentum. In its latest credit opinion report, Moody’s warned that prolonged disruptions particularly in LPG shipments could lead to […]

Economy

India’s Growth Momentum Shows Early Signs Of Moderation Amid West Asia Shock

Textile Insights March 30, 2026

India’s economic trajectory, which remained firmly resilient through early 2026, is now showing initial signs of moderation as external pressures begin to filter into the domestic landscape, according to the latest Monthly Economic Review released by the Ministry of Finance. The report highlights that escalating geopolitical tensions in West Asia, combined with a sharp

Economy

S&P Global Raises India’s FY27 Growth Outlook To 7.1%, Flags Geopolitical Risks

Textile Insights March 26, 2026

S&P Global has revised India’s economic growth forecast upward for FY2026–27, projecting GDP expansion at 7.1 percent, an increase of 40 basis points from its earlier estimate. Despite the upgrade, the agency expects growth to moderate from the estimated 7.6 per cent in the current fiscal year (FY2025–26). In its latest Asia-Pacific economic outlook, the […]

Economy

Nomura Flags Oil Shock Risks For Asia’s Import-Dependent Economies

Textile Insights March 24, 2026

The escalating Iran conflict has triggered a sharp surge in global oil prices, posing significant risks for oil-dependent Asian economies, with countries such as India, Thailand, South Korea and Philippines among the most vulnerable due to their high reliance on imported energy, according to a report by Nomura. In contrast, Malaysia could emerge as a […]

Economy

Rupee Breaches 94 Mark, Recovers On RBI Support

Textile Insights March 24, 2026

The Indian rupee briefly slipped past the 94 per dollar mark for the first time in intraday trade on March 23rd, before staging a recovery to close unchanged at 93.53 against the US dollar, as persistent global and domestic pressures kept the currency volatile. At the interbank foreign exchange market, the rupee opened weaker at […]

Economy

India’s Gulf Exposure Turns Risky Amid West Asia Conflict

Textile Insights March 24, 2026

India’s economic resilience is coming under renewed pressure as escalating tensions involving the United States, Israel and Iran begin to disrupt its deep economic linkages with the Gulf, a region central to its energy security, trade flows and remittance inflows according to a report by The New York Times. Only weeks ago, India appeared well […]