Economy

India’s Textile Sector Poised For Global Comeback: Emkay

Textile Insights June 10, 2026

India’s textile and apparel industry is entering a pivotal growth phase, with policy support, favourable trade agreements and a strengthening domestic manufacturing ecosystem positioning the country to reclaim a larger share of global markets, according to a recent report by Emkay Research. The

Economy

OECD Upgrades India’s FY27 Growth Outlook, Flags Energy Price Risks

Textile Insights June 5, 2026

The Organisation for Economic Co-operation and Development (OECD) has raised its growth forecast for India for FY27 to 6.3 percent, up from its earlier estimate of 6.1 percent, citing the country’s economic resilience. However, the global body cautioned that rising energy prices and supply disruptions linked to the ongoing conflict in West Asia could pose […]

Economy

Crude Prices Likely To Stay Elevated As Global Supply Pressures Persist

Textile Insights June 2, 2026

Global crude oil prices are unlikely to return to their pre-conflict levels of the high US$ 60s to low US$ 70s per barrel, with analysts expecting a prolonged period of elevated prices as supply chains gradually stabilise. According to Bank of America (BofA), even under an optimistic scenario, crude is expected to settle in a […]

Economy

RBI Projects India’s Economy To Grow 6.9% In 2026-27 Despite Global Headwinds

Textile Insights June 2, 2026

India’s economy is projected to grow 6.9 percent in 2026-27, remaining resilient despite global uncertainties, according to the Reserve Bank of India’s Annual Report 2025-26. The RBI said strong domestic fundamentals, stable demand, lower export dependence and continued policy support will help sustain growth momentum. However, the central bank flagged risks from the

Economy

ADB Commits US$ 5 Billion To Support Bangladesh’s Growth

Textile Insights June 1, 2026

The Asian Development Bank (ADB) has pledged US$ 5 billion over the next five years to support Bangladesh’s economic growth and resilience, following talks between ADB President Masato Kanda and Prime Minister Tarique Rahman in Dhaka. During the visit, ADB signed US$ 1.4 billion in loans under its 2026 annual commitment programme and increased immediate […]

Economy

Bangladesh Textile Sector Seeks Tax Cut to 10% And Loan Waivers

Textile Insights June 1, 2026

Bangladesh’s textile industry has sought urgent fiscal relief ahead of the national budget, with the Bangladesh Textile Mills Association (BTMA) proposing a cut in income tax for primary textile mills from 27.5% to 10% until 2030. The association said rising energy costs, supply disruptions, high interest rates and import competition have severely impacted the sector, […]

Economy

Hong Kong’s Economic Recovery Still Incomplete Amid Global Headwinds: IMF

Textile Insights May 27, 2026

Hong Kong’s economic recovery remains incomplete despite steady progress, with growth still below pre-pandemic levels as external and domestic challenges continue to weigh on the economy, according to the latest assessment by the International Monetary Fund. Following its Article IV Consultation for Hong Kong, the IMF said that while the city has further strengthened its

Economy

Crude Oil Prices Slides As US-Iran Talks Progress

Textile Insights May 21, 2026

Global crude oil prices declined sharply on May 20th after Donald Trump indicated that negotiations between the United States and Iran had entered the final stages, raising expectations of easing geopolitical tensions in the Middle East. US benchmark West Texas Intermediate (WTI) crude futures dropped more than 5% to settle at US$ 98.26 per barrel, […]

Economy

RBI Likely To Maintain Repo Rate At 5.25% Through FY27: India Ratings

Textile Insights May 21, 2026

The Reserve Bank of India is expected to keep the repo rate unchanged at 5.25% throughout FY27 as inflation is projected to remain within the central bank’s tolerance range despite rising global uncertainties and higher crude oil prices, according to a report by India Ratings and Research. The agency projected India’s GDP growth at 6.7% […]

Economy

World Bank Sees Vietnam GDP Growth At 6.8% In 2026

Textile Insights May 21, 2026

Vietnam’s economy is expected to maintain strong growth momentum in 2026 despite increasing global uncertainties, supported by resilient exports, investment activity and ongoing structural reforms, according to the latest economic update released by the World Bank. The World Bank projected Vietnam’s GDP growth at 6.8% in 2026 following an estimated expansion of 8% in 2025,