The proposed imposition of fresh US tariffs on goods from nearly 60 countries, including India, over allegations of forced labour has emerged as a major concern for India’s textile and apparel industry. Terming the move a “serious threat” to the sector, Ashwin Chandran,
Profitability, credit metrics under pressure as 50% duty kicks in India’s home textile industry is staring at a 5–10% drop in revenue this fiscal after the US imposed a 50% tariff on imports from August 27, 2025. The US accounts for nearly three-fourths of the sector’s export earnings. CRISIL Ratings said the impact will be […]
The Confederation of Indian Textile Industry (CITI) has welcomed the government’s decision to extend the exemption of import duty on cotton until December 31, 2025, calling it a crucial support measure for the country’s textile and apparel sector, which is reeling under the impact of a steep 50% tariff imposed by the US from August […]
The United States is close to finalizing a mini trade deal with India, President Donald Trump announced on Tuesday, as his administration issued reciprocal tariff notices to several global trading partners. The move follows Trump’s earlier imposition of a 26% tariff on Indian imports in April 2025, which was later eased to 10% for a […]
While CY2024 was a mix bag for the Indian T&A sector, the year CY2025 is expected to be a better one. The second half of 2024 saw a distinct recovery in the overall exports after multiple quarters of subdued performance in the backdrop of sluggish demand in the major markets of the EU and the […]
















