July 23, 2026
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Economy

IMF Retains India’s FY27 Growth Forecast At 6.5%

Textile Insights
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
Industry

Surat Textile Industry Welcomes Duty Relief

Textile Insights
The textile industry in Surat and South Gujarat has welcomed the Central government’s decision not to impose anti-dumping duties on imports of Nylon Filament Yarn (NFY), Viscose Filament Yarn (VFY) and Spandex Yarn, describing the move as a major relief for the sector. Industry stakeholders said the decision would help maintain competitive raw material prices […]
Fabric

Philippines Pushes Tropical Fabrics Compliance

Textile Insights
The Department of Science and Technology–Philippine Textile Research Institute (DOST-PTRI) is stepping up efforts to strengthen compliance with the Philippine Tropical Fabrics (PTF) Law, saying full implementation across government agencies could generate an estimated P17.8-billion annual market for the country’s textile industry. Under Republic Act No. 9242, all

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