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

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

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 […]