Economy

Port Of Tauranga’s Stella Passage Project Gets Fast-Track Approval

Textile Insights September 7, 2026

Port of Tauranga’s Stella Passage development has received approval under New Zealand’s Fast-track Approvals Act 2024, subject to conditions, clearing a key regulatory hurdle for the major port expansion project. Port of Tauranga chief financial officer Simon Kebbell said the approval was an

Economy

India’s Current Account Deficit Widens To US$ 4.2 Billion In Q1

Textile Insights September 4, 2026

India’s current account deficit (CAD) widened to US$ 4.2 billion, or 0.5% of GDP, in the first quarter of 2026-27, from US$ 3.4 billion or 0.4% of GDP, in the corresponding quarter a year earlier, according to data released by the Reserve Bank of India (RBI). The widening deficit was primarily driven by a higher […]

Economy

Sitharaman Says 7.8% Q1 Growth Shows India’s Economic Resilience

Textile Insights September 4, 2026

Union Finance Minister Nirmala Sitharaman has said India’s 7.8% economic growth in the first quarter of FY2026-27 demonstrates the country’s resilience amid global economic turbulence and persistent uncertainty. Addressing investors in New York on Thursday, Sitharaman said India continued to be the fastest-growing major economy despite global disruptions and challenging

Economy

India’s Textile Recovery Gains Momentum, Cotton Costs Emerge As Key Monitorable

Textile Insights August 27, 2026

India’s textile industry is showing clear signs of recovery, supported by stronger yarn demand, improved spinning margins, higher capacity utilisation and a better demand-supply balance. However, the durability of the recovery will depend largely on whether textile companies can pass rising cotton costs through to yarn prices, according to a report by 360 ONE Capital. […]

Economy

India-US Trade Deal Likely To Retain Tariff Safeguard

Textile Insights August 20, 2026

India and the US are likely to retain a tariff safeguard in their proposed trade agreement, allowing either country to revise its commitments if the other changes previously agreed tariff terms, a government official said, according to Moneycontrol. The safeguard, included in the February 6 joint framework, is aimed at protecting India from making open-ended […]

Economy

Welspun Living Posts Strongest Growth In Seven Quarters, Revenue Jumps 23.5%

Textile Insights August 14, 2026

Welspun Living Ltd. (WLL) reported its strongest quarterly growth in seven quarters, driven by robust export demand, strong domestic performance and improving profitability across key business segments. For the quarter ended June 30, 2026, the home textiles major reported revenue of ₹2,828 crore, registering a 23.5% year-on-year growth and a 15.4% sequential increase.

Economy

DITF Develops Smart Textiles That Change Shape With Temperature

Textile Insights August 9, 2026

Researchers at the German Institutes of Textile and Fiber Research Denkendorf, in collaboration with the Fraunhofer Institute for Applied Polymer Research, have developed smart textile yarns capable of reversibly changing shape in response to temperature, paving the way for energy-efficient textile actuators. The innovation is based on thermoplastic two-way shape-memory

Economy

India Targets 10% Share Of Global Merchandise Exports By 2047: WTO

Textile Insights July 23, 2026

India aims to increase its share of global merchandise exports from around 1.8 per cent in 2024 to nearly 10 per cent by 2047, as part of its long-term Viksit Bharat development vision, according to a World Trade Organisation (WTO) report. The WTO said India has maintained various duty exemption, remission and rebate schemes to […]

Economy

China Becomes Major Trading Partner For Over 160 Countries And Regions

Textile Insights July 23, 2026

China has emerged as a major trading partner for more than 160 countries and regions, with the country continuing to diversify its import sources to meet growing consumer demand, according to a senior customs official. During the 15th Five-Year Plan period, covering 2026 to 2030, China will continue expanding imports while improving the efficiency of […]

Economy

Shanghai Rises To Second In Global Shipping Centre Index

Textile Insights July 21, 2026

Shanghai has moved up to second place among the world’s leading international shipping centres in the 2026 Xinhua-Baltic International Shipping Centre Development Index (ISCDI), overtaking London and ranking behind Singapore. The ranking marks Shanghai’s highest position since the index was launched in 2014. For textile exporters, apparel manufacturers, importers and