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

Policies

India-EU FTA On Track For December Signing

Textile Insights June 21, 2026

India’s textile and apparel industry could be among the biggest beneficiaries of the proposed India-European Union Free Trade Agreement (FTA), which is expected to be signed by December 2026 and come into effect by February-March 2027. Announcing the timeline during an interaction with chartered accountants in Mumbai, Union Commerce and Industry Minister Piyush Goyal

Policies

PLI Scheme Expanded to Boost Garment Sector, Announces Union Minister

June 26, 2024

Union Textiles Minister Giriraj Singh announced the expansion of the Rs 10,000 crore Production Linked Incentive (PLI) scheme to the garment sector, aiming to boost domestic manufacturing and exports. This announcement was made during his inaugural address at the India International Garment Fair (IIGF) at the Yashobhoomi Convention Centre. Singh emphasized the

Industry

Bangladesh’s RMG Export Journey: A Saga Of Resilience Amid Global Challenges

February 13, 2024

In the dynamic landscape of global trade, Bangladesh’s Ready Made Garment (RMG) sector has displayed commendable resilience and adaptability, as reflected in the performance data spanning from 2018 to 2023. In 2023, Bangladesh’s RMG exports surged to an impressive US$ 47.39 billion, marking a 3.67% growth compared to the preceding year. This robust performance