Economy

India’s FTA Push Could Add US$ 170 Billion To GDP By 2035

Textile Insights October 15, 2026

India’s expanding free trade agreement network could lift its gross domestic product by as much as US$ 170 billion by 2035, helping exporters diversify markets and cushioning the impact of higher US tariffs, according to Bloomberg Economics. The report estimates that agreements already in force

Economy

RBI Raises FY27 Inflation Forecast To 5.2% Amid Rising Crude Oil Prices

Textile Insights October 9, 2026

The Reserve Bank of India (RBI) has raised its consumer inflation projection for FY27 to 5.2% from 5% earlier, citing evolving macroeconomic conditions and the impact of higher crude oil prices. RBI Governor Sanjay Malhotra announced the revised forecast after the Monetary Policy Committee (MPC) meeting on October 7, 2026. Inflation is projected at 4.9% […]

Economy

US, African Countries Launch Textile Partnership To Build Cotton-To-Garment Trade

Textile Insights September 28, 2026

The US and African countries have launched the Transatlantic Cotton Partnership (TACP), an initiative aimed at strengthening reciprocal trade by connecting US cotton production with African textile and apparel manufacturing. The partnership was launched during the United Nations General Assembly (UNGA) in New York in the presence of government officials, private-sector

Economy

M&S, New Look, Sainsbury’s And Oxfam Launch UK Textile Circularity Initiative

Textile Insights September 24, 2026

New Look, Marks & Spencer (M&S), Sainsbury’s, Oxfam and Circle-8 have joined forces to launch The Circuit, a collaborative initiative aimed at developing circular textile value chains for post-consumer clothing generated in the UK. The initiative brings together fashion retailers, textile recovery organisations, automated sorting companies, recyclers, digital

Economy

Lululemon Reports FY25 Impact Progress

Textile Insights September 21, 2026

Lululemon has released its FY25 Impact Report, outlining progress across its People and Planet priorities and marking the first full year of reporting against its Impact Agenda 2030. The report details performance against the company’s impact goals, key milestones achieved during FY25 and areas where work remains underway as Lululemon advances its long-term commitments. On

Economy

No Proposal For Common BRICS Currency, Says Govt

Textile Insights September 15, 2026

BRICS countries are not considering any proposal to introduce a common currency, the government said on Saturday, amid growing speculation over efforts by the grouping to reduce dependence on the US dollar. “There is no proposal in the BRICS for a BRICS currency, as of now,” Sudhakar Dalela, Secretary (Economic Relations) in the Ministry of […]

Economy

India’s Apparel Retail Revenue To Grow 12-13% In FY27: Crisil

Textile Insights September 15, 2026

India’s organised apparel retail sector is expected to record revenue growth of 12-13% in the current fiscal, driven by rising demand for value fashion, expansion into smaller cities and consumers’ continued preference for branded apparel, according to Crisil Ratings. The growth, however, is likely to moderate from around 15% recorded last fiscal as consumers allocate […]

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 important milestone for infrastructure aimed at supporting New Zealand’s future

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