by TEXTILE VALUE CHAIN | Dec 19, 2024 | Finance & Economy, News & Insights
Synopsis India’s solar equipment manufacturing capacity is poised for a healthy growth over the next 2-3 years, with module and cell manufacturing capacities of ~80 GW and ~50 GW respectively, in the pipeline. This will entail a capex of nearly Rs 1 lakh crore, with...
by TEXTILE VALUE CHAIN | Dec 17, 2024 | Finance & Economy, News & Insights
The WPI inflation eased to 1.9% in November from 2.4% in October. The moderation in the WPI inflation was primarily on the account of a decline in food inflation. The arrival of fresh harvests has led to a seasonal correction in food prices. The outlook for...
by TEXTILE VALUE CHAIN | Dec 2, 2024 | Finance & Economy, News & Insights
Highlights: CEM expanded by 4.7% YoY in Q2FY25 lower than 7.5% growth in Q1FY25 and 7% in Q2FY24. Out of 33 indicators used in CEM calculation, 40% indicators witnessed YoY degrowth in Q2FY25, in comparison to 21% indicators registering degrowth in Q1FY25. The CEM is...
by TEXTILE VALUE CHAIN | Nov 30, 2024 | Finance & Economy, News & Insights
Highlights Nepal’s CPI rose to 4.8% y-o-y in mid-October, up from 3.9% in mid-September. Foreign exchange reserves hit a record high of USD 16.6 billion. Trade deficit narrowed to Rs 114.9 billion in mid-October (Vs Rs 121.3 billion in mid-September). Current...
by TEXTILE VALUE CHAIN | Nov 9, 2024 | Finance & Economy, News & Insights
Trump’s Second Term and Economic Agenda: Donald Trump has been re-elected as the 47th President of the United States for a second term after a four-year gap. His policies include extending personal tax cuts, reducing corporate tax rates and imposing a 60% tariff on...
by TEXTILE VALUE CHAIN | Aug 2, 2024 | Finance & Economy, News & Insights
The global shipping industry is once again in the throes of a crisis, echoing the disruptions witnessed during the pandemic. Soaring spot freight rates, a severe container shortage, and the ongoing Red Sea crisis are wreaking havoc on supply chains, impacting sectors...
by TEXTILE VALUE CHAIN | Aug 1, 2024 | Finance & Economy, News & Insights
India’s exports to Australia have witnessed a remarkable surge of 66% in the past five years, significantly outpacing the country’s overall export growth, Australian High Commissioner Philip Green said on Saturday. This exponential growth is attributed to...
by TEXTILE VALUE CHAIN | Jul 13, 2024 | Finance & Economy, News & Insights
IIP – May 2024 Highlights: IIP growth came at a 7-month high of 5.9% in May. Electricity output recorded a strong growth of 13.7% amid higher power demand due to heatwave conditions across the country. Manufacturing output improved to 4.6% in May (Vs 3.9% in...
by TEXTILE VALUE CHAIN | Jul 12, 2024 | Finance & Economy
Highlights: Demand recovery remains underway, Rural demand too points towards some improvement. Prospects of good monsoon and start of Kharif sowing auger well for rural demand recovery. Kharif sowing rose 33% (y-o-y) led by pulses, oilseeds, and cotton. Distribution...
by TEXTILE VALUE CHAIN | Jul 10, 2024 | Finance & Economy, News & Insights
Key highlights: Advanced economies moved towards rate cuts in June. BoC was the first G7 central bank to cut its policy rate. ECB reduced rates by 25bps; market expects further cuts in September and December. SNB delivered a second consecutive rate cut. Fed, BoE, RBA...
by TEXTILE VALUE CHAIN | Jul 2, 2024 | Finance & Economy, News & Insights
GDP growth contracted by a marginal 0.1% in Q1 2024, from a revised 0.3% increase in Q4 2023. Despite a surge in growth in the agricultural sector, six out of ten sectors performed poorly in Q1 2024. This was mainly due to an uptick in load-shedding in Q1 which...
by TEXTILE VALUE CHAIN | May 23, 2024 | Finance & Economy, News & Insights
The UK economy is predicted to experience a soft landing, with growth expected to recover in 2024 and strengthen in 2025, according to the IMF. Growth in the first quarter of this year was 0.6%, surpassing expectations and marking a stronger exit from the technical...