by TEXTILE VALUE CHAIN | Jul 23, 2024 | Finance & Economy, News & Insights
The Economic Survey 2023–24, which projects 6.5-7.0% GDP growth this year, presents a positive image of the Indian economy. We anticipate that growth will surpass 7% for the fourth year in a row if exports significantly rebound in the upcoming months and if private...
by TEXTILE VALUE CHAIN | Jul 23, 2024 | Finance & Economy, News & Insights
Union Minister of Commerce and Industry Piyush Goyal participated in the G7 Trade Ministers’ meeting at Villa San Giovanni, Reggio Calabria, Italy, where he engaged in several high-level bilateral discussions to strengthen India’s global trade...
by TEXTILE VALUE CHAIN | May 22, 2024 | Finance & Economy, News & Insights
The Red Sea crisis has resulted in longer voyage spans, increased freight rates, and potential delays for Indian container cargo. Despite this, capacity liners are prepared to expand container capacity to mitigate the impact. Food grains, perishable items, and...
by TEXTILE VALUE CHAIN | Mar 26, 2024 | Business & Policy, In-Depth Analysis, Market Reports, News & Insights
In a recent address, Ashwani Kumar, President of FIEO, projected that India’s merchandise exports are poised to touch $450 billion by the end of the current fiscal year despite hurdles like the Red Sea crisis. Kumar stressed the urgency of confronting the...
by TEXTILE VALUE CHAIN | Mar 18, 2024 | Finance & Economy, News & Insights
Micro, Small, and Medium Enterprises (MSMEs) form a crucial segment of the Indian economy, contributing significantly to both the service and manufacturing sectors. With ambitions to increase their GDP contribution to 50%, the government recognizes MSMEs as the...
by TEXTILE VALUE CHAIN | Feb 5, 2024 | Finance & Economy, News & Insights
February 5, 2024: Economists and tax experts lauded the central government for presenting Interim Budget 2024-25 with a thrust on infrastructure investment, while managing to bring down fiscal deficit below the earlier estimated target. “The interim budget estimates...
by TEXTILE VALUE CHAIN | Jan 18, 2024 | Finance & Economy, News & Insights
India-Australia Comprehensive Economic Cooperation Agreement set to be signed Soon “India-Australia bilateral trade (in goods and services) has crossed USD 48 billion and I expect it to double to nearly USD 100 billion in the next five years. The recently...
by TEXTILE VALUE CHAIN | Jan 15, 2024 | Finance & Economy, News & Insights
IIP: As expected, the IIP growth decelerated sharply to 2.4% in November from the previous month’s 11.6% primarily on account of a normalising base. While an unfavourable base resulted in a broad-based growth moderation, month-on-month contraction seen in the...
by TEXTILE VALUE CHAIN | Jan 6, 2024 | Finance & Economy, News & Insights
Barclays India has projected that India’s exports will surge by approximately 12 per cent annually, reaching $1.6 trillion by 2030. This would result in a global export share of around 4 per cent, indicating a substantial growth trajectory. India has set a...
by TEXTILE VALUE CHAIN | Jan 2, 2024 | Finance & Economy, News & Insights
New Delhi: The India-Australia Economic Cooperation and Trade Agreement has proved to be beneficial in increasing market access for previously untapped products between the two nations and has significantly bolstered two-way shipments, said a senior official on...
by TEXTILE VALUE CHAIN | Dec 29, 2023 | Finance & Economy, News & Insights
India and the five-member Eurasian Economic Union (EaEU), led by Russia, are expected to commence discussions on a free trade agreement (FTA) in the coming months. The agreement aims to boost India’s exports to the region, specifically in sectors such as...
by TEXTILE VALUE CHAIN | Nov 25, 2023 | Finance & Economy, News & Insights
Key Highlights: Nepal’s debt-to-GDP rose to 43.5% in Q1 FY24 from 42.7% in the previous quarter. Retail inflation moderated to 7.5% y-o-y in October as food inflation eased. Trade deficit widened to Rs 134 billion in October, the highest level in 15 months....