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

Economy

RSWM Unveils Sutradhaar At Bharat Tex 2026

Textile Insights July 14, 2026

RSWM Ltd., the flagship company of the LNJ Bhilwara Group, has unveiled ‘Sutradhaar – The Thread That Connects Tradition to Tomorrow’ at Bharat Tex 2026, presenting its integrated Farm-to-Fashion capabilities and reinforcing its commitment to sustainable, innovation-driven textile manufacturing. The pavilion was visited by Union Minister of Textiles Shri

Economy

Bangladesh’s Budget For FY2026-27 Provides Policy Stability For RMG Sector

Textile Insights July 6, 2026

Bangladesh’s FY2026-27 Budget has provided short-term policy stability for the country’s ready-made garment (RMG) industry, but industry stakeholders say further reforms will be needed to strengthen long-term competitiveness as the sector prepares for eventual graduation from Least Developed Country (LDC) status. The BDT 9.38 lakh crore budget retains the 12%

Economy

India Becomes Italy’s Largest Textile Machinery Export Market

Textile Insights July 6, 2026

India has overtaken China to become the largest export market for Italy’s textile machinery industry, highlighting the country’s growing importance in global textile manufacturing. According to ACIMIT, the Association of Italian Textile Machinery Manufacturers, the shift reflects a long-term change in global demand as Asia continues to strengthen its position

Economy

IMF Retains India’s FY27 Growth Forecast At 6.5%

Textile Insights June 26, 2026

The International Monetary Fund (IMF) has reaffirmed its 6.5% growth forecast for India for FY2026-27, citing the country’s resilient economic performance despite geopolitical tensions in the Middle East and elevated global energy prices. The IMF said India continues to be a key contributor to global economic growth, supported by strong domestic demand and sustained

Economy

Kraig Biocraft Highlights Commercial Scaling And Future Potential Of Spider Silk

Textile Insights June 22, 2026

Kraig Biocraft Laboratories Founder and CEO Kim Thompson has outlined the company’s progress in scaling recombinant spider silk production, focusing on commercial readiness, technological advantages and long-term industry applications. The company is advancing its proprietary platform using genetically engineered silkworms to produce recombinant spider silk fibres,

Economy

Uzbekistan, Poland Explore Deeper Textile And Apparel Trade Ties

Textile Insights June 19, 2026

Uzbekistan and Poland have taken steps to strengthen cooperation in the textile and apparel sector through a high-level industry roundtable and a series of business-to-business meetings aimed at expanding trade, investment and market access opportunities. The engagements, held during an official visit by representatives of Uzbekistan’s light industry sector to Europe,

Economy

India Records US$ 4.7 Billion Current Account Surplus In April 2026

Textile Insights June 18, 2026

India recorded a current account surplus of US$ 4.7 billion in April 2026, reflecting the country’s growing external sector strength despite global economic uncertainties and capital market volatility. The surplus was supported by a sharp rise in remittances and robust foreign direct investment (FDI) inflows, helping offset foreign portfolio investment (FPI) outflows

Economy

India’s New FTAs To Boost Manufacturing And Exports

Textile Insights June 17, 2026

India’s new-generation Free Trade Agreements (FTAs) are expected to accelerate manufacturing growth, revive private investment, and strengthen global supply-chain integration, according to Yes Securities. The brokerage highlighted Electronics, Pharmaceuticals, and Engineering Goods as the biggest beneficiaries, while noting that the agreements, combined with

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 report notes that despite India’s longstanding status as a textile