Economy

India’s Economic Growth Slows To 14-Month Low In October: ICRA

Textile Insights November 27, 2025

India’s economic activity growth eased sharply in October 2025, with the ICRA Business Activity Monitor registering a year-on-year increase of just 5.9%, the slowest pace in 14 months, compared with 8.3% in September. The slowdown was driven by excess unseasonal rainfall 149% of the long-period

Industry

How GST 2.0 Rate Cuts Will Strengthen India’s Textile And Apparel Value Chain

Textile Insights September 22, 2025

For the economy and the textile industry, GST 2.0 reforms are undoubtedly a landmark step. The reduction in manmade fibres from 18% to 5% and synthetic yarn from 12% to 5% will substantially strengthen the country’s textile industry while enhancing its competitiveness and stimulating consumption. Handloom, handicraft goods, yarns and carpets have also been shifted […]

Policies

GST Council May Shift Textiles To 5% Slab

Textile Insights August 28, 2025

The 56th GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, is set to take place on September 3–4, 2025 in New Delhi, where key proposals to simplify the tax regime and ease costs for consumers will be discussed. According to reports, the government is considering moving all food and textile products into the 5% […]

Industry

PM Modi Announces Next-Gen GST Reforms On Independence Day

Textile Insights August 18, 2025

On the occasion of India’s 79th Independence Day, Prime Minister Narendra Modi highlighted the transformative role of the Goods and Services Tax (GST), calling it one of the most significant economic reforms since its implementation in 2017. He said the next phase of GST reforms will be crucial in building an ‘Atmanirbhar Bharat’ by easing […]