India’s readymade garment (RMG) industry is set to see revenue growth nearly halve to 3–5% this fiscal, weighed down by the imposition of a 50% tariff by the US on imports from India effective August 27, 2025. The tariff shock, coupled with a squeeze in profitability, is expected to weaken
Tiruppur’s knitwear export sector recorded robust growth in FY 2024-25, clocking exports worth Rs 40,000 crore, a 20% increase over the Rs 33,400 crore achieved in FY 2023-24. The performance surpassed the projected 10% growth, with the industry now targeting a 15% rise in the current fiscal year. KM Subramanian, President of Tiruppur Exporters’ Association […]














