July 24, 2026
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Economy

IMF Warns Iran Conflict Threatens Global Growth

Textile Insights
The International Monetary Fund (IMF) has warned that escalating disruptions from the ongoing Iran conflict are pushing the global economy closer to an adverse scenario of weaker growth, higher inflation and tighter financial conditions. According to AFP, the IMF said prolonged geopolitical tensions and disruptions to global energy supplies could significantly weaken the
Cotton

AEPC Seeks Zero Duty On Cotton Imports

Textile Insights
The Apparel Export Promotion Council has urged the central government to reduce import duty on cotton to zero from the current 11 percent, warning that rising raw material costs and tightening domestic supplies are impacting the competitiveness of India’s textile and apparel sector. AEPC Chairman A. Sakthivel led a delegation of industry representatives that met […]
Policies

India Speeds Up FTA Push To Boost Exports

Textile Insights
India is accelerating its free trade agreement (FTA) strategy, with negotiations concluded or agreements signed with several key global partners, including the United Kingdom, Oman, New Zealand and the European Union, according to the Union Commerce Ministry. The ministry, while releasing April 2026 trade data, said India is also advancing trade negotiations with countries
Policies

Textile Ministry And ICRIER Partner On Policy Research

Textile Insights
India’s Ministry of Textiles (MoT) has signed a memorandum of understanding (MoU) with the Indian Council for Research (ICRIER) on International Economic Relations to strengthen policy research and data-driven decision-making for the country’s textile and apparel sector. The partnership aims to support the formulation of evidence-based policies by enhancing textile-related
Industry

India Eyes Bigger Role In Nigeria’s Textile Revival

Textile Insights
India and Nigeria are looking to strengthen textile trade relations, with India expressing readiness to support Nigeria’s textile revival programme through investments, technology transfer and skill development initiatives across the textile value chain. Speaking at the Textile Meet/B2B Nigeria-India engagement held at the Indian High Commission in Abuja, India’s High

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