by TEXTILE VALUE CHAIN | Oct 16, 2024 | Finance & Economy, News & Insights
The CPI inflation increased to 5.5% in September, up from 3.7% in August. Core inflation also saw a minor uptick of 10 bps to 3.5% in September. Nonetheless, it remained relatively benign, remaining below the 4% threshold for the eleventh consecutive month. Food...
by TEXTILE VALUE CHAIN | Sep 3, 2024 | Finance & Economy, News & Insights
In the first quarter of FY25, GDP growth was recorded at 6.7%. The GVA growth stood at 6.8%, surpassing GDP growth and reversing the trend observed in the previous two quarters, where the GDP-GVA gap averaged 160 basis points. After growing by less than 1% for the...
by TEXTILE VALUE CHAIN | Apr 20, 2024 | Finance & Economy, News & Insights
CareEdge Ratings’ credit ratio, which measures the ratio of upgrades to downgrades, witnessed an upswing, improving to 1.92 in H2FY24 after normalising for the previous two half years, from the peak of 3.74 in H1FY23. The credit ratio is comfortably higher than...
by TEXTILE VALUE CHAIN | Apr 1, 2024 | Finance & Economy, News & Insights
⬤ Revenue of EUR 2.52 bn in 2023, EBITDA of EUR 303.3 mn ⬤ EBIT and earnings after tax impacted by non-cash impairment losses of EUR 464.9 mn ⬤ Implementation of performance program with a focus on positive free cash flow, stronger revenue and margin growth, as...
by TEXTILE VALUE CHAIN | Mar 18, 2024 | Finance & Economy, News & Insights
India’s Trade and Economic Partnership Agreement (TEPA) with the European Free Trade Association (EFTA) crucially includes a provision allowing India to withdraw tariff concessions granted to EFTA nations if they fail to meet the $100 billion investment...
by TEXTILE VALUE CHAIN | Mar 18, 2024 | Finance & Economy, News & Insights
In what appears to be a significant shift in India’s trade dynamics, Commerce and Industry Minister Piyush Goyal revealed on March 11 that several countries, both large and small, are eager to engage in trade with India using the Indian rupee as the trading...
by TEXTILE VALUE CHAIN | Mar 14, 2024 | Finance & Economy, News & Insights
Memoranda of Understanding (MoUs) worth a staggering ₹57,354 crore were signed between the government of Tamil Nadu and various investors during the first day of the two-day Global Investor Meet. The event in Tamil Nadu attracted major investment proposals from...
by TEXTILE VALUE CHAIN | Mar 14, 2024 | Finance & Economy, News & Insights
Union Commerce and Industry Minister Piyush Goyal remains optimistic that India will achieve its ambitious target of $2 trillion in exports by 2030 despite geopolitical tensions and inflation concerns. Speaking at the inauguration of Patsan Bhavan in Kolkata, Goyal...
by TEXTILE VALUE CHAIN | Mar 14, 2024 | Finance & Economy, News & Insights
India has recorded a trade deficit with nine out of its top ten trade partners in the first seven months of the financial year 2023-24, according to data from the Commerce & Industry Ministry. The only exception was the United States, with which India experienced...
by TEXTILE VALUE CHAIN | Feb 2, 2024 | Finance & Economy, News & Insights
But the industry is concerned about the slow implementation of schemes & continued financial stress New Delhi, Thursday, 1st February 2024: Confederation of Indian Textile Industry (CITI) Chairman Shri Rakesh Mehra congratulated the Hon’ble Finance Minister Smt....
by TEXTILE VALUE CHAIN | Jan 19, 2024 | Finance & Economy, News & Insights
Highlights: Lower nominal growth can result in minor fiscal deficit slippage, bringing it to 6% of GDP in FY24. FY25 fiscal deficit is seen at 5.3% of GDP. Direct tax collection in FY24 is projected to outperform indirect taxes. Higher than budgeted surplus transfers...
by TEXTILE VALUE CHAIN | Dec 29, 2023 | Finance & Economy, News & Insights
India’s GDP has benefited from its expanding export sector, with imports and exports making up more than 43.1% of the country’s GDP in 2023. According to a recent analysis, exports account for 20.5% of India’s GDP, demonstrating the exporters’...