by TANVI_MUNJAL | Dec 22, 2024 | Business & Policy, News & Insights
The spectre of a renewed trade war with the United States under a potential Trump presidency is casting a long shadow over the global textile industry. While the previous administration’s tariffs on China spurred growth for some nations, including India, the...
by TANVI_MUNJAL | Nov 20, 2024 | Business & Policy, Finance & Economy, News & Insights
India’s textile industry has witnessed a remarkable resurgence, with exports surging to new heights. The sector, a cornerstone of the Indian economy, has been buoyed by a combination of factors, including increased global demand, strategic policy initiatives, and the...
by TANVI_MUNJAL | Nov 18, 2024 | Business & Policy, Finance & Economy, News & Insights
Five years ago, India made a significant decision to withdraw from the Regional Comprehensive Economic Partnership (RCEP), a move that continues to spark debate among policymakers and industry experts. The RCEP, now the world’s largest trading bloc, encompasses...
by TANVI_MUNJAL | Nov 15, 2024 | Business & Policy, Finance & Economy, News & Insights
As global trade winds shift towards protectionism, India is facing a critical juncture. The nation’s decision to opt out of the Regional Comprehensive Economic Partnership (RCEP) five years ago, citing concerns over market access and domestic industry...
by TANVI_MUNJAL | Nov 1, 2024 | Finance & Economy, News & Insights
India’s merchandise trade deficit narrowed to a five-month low of $21 billion in September 2024, primarily driven by a surge in textile exports. This positive trend comes amidst a backdrop of geopolitical tensions, particularly in West Asia, which have disrupted...
by TANVI_MUNJAL | Oct 30, 2024 | Finance & Economy, News & Insights
India is well-positioned to benefit from the ongoing global shift in trade and investment flows, particularly as the United States continues to tighten restrictions on strategic investments in China. This trend, amplified by the recent US presidential elections, is...
by TEXTILE VALUE CHAIN | Apr 13, 2024 | News & Insights
According to the Global Trade Research Initiative (GTRI), the growth in the global merchandise trade is expected to decrease by 1.2%, based on value terms, due to current geopolitical uncertainties. GTRI’s findings revealed that in 2023, the US dollar value of...
by TANVI_MUNJAL | Nov 28, 2023 | Business & Policy, News & Insights
In a recent report, the Global Trade Research Initiative (GTRI) has suggested that the Indian government assess the bilateral free trade agreement with Singapore and the ASEAN bloc as a whole. Singapore, as a member of the ASEAN bloc, currently has a free trade...
by TANVI_MUNJAL | Nov 28, 2023 | Finance & Economy, News & Insights
Exporters in India have expressed their concern over the influenza situation in China, warning that any spread of the disease could disrupt global supply chains and adversely impact world trade. While the current situation is not considered alarming, exporters fear...
by TANVI_MUNJAL | Nov 19, 2023 | Business & Policy, News & Insights
The Reserve Bank of India (RBI) has announced a move to provide greater operational flexibility to exporters by allowing banks to open current accounts for export proceeds, in addition to special rupee vostro accounts. The decision comes as part of RBI’s efforts...
by TANVI_MUNJAL | Oct 20, 2023 | News & Insights
Due to dropping lake levels, the Panama Canal authorities restricted the largest ships in April. The canal uses freshwater and conducts 6% of worldwide maritime trade. Chinese Yangtze River shipping has also changed. Industrial patterns and international trade effects...
by TANVI_MUNJAL | Oct 19, 2023 | Business & Policy, News & Insights
The upcoming two-day meeting, scheduled for October 23, will be attended by Sunil Barthwal, the Commerce Secretary. The conference will occur at the Geneva World Trade Organization (WTO) headquarters. Its primary objective is to address and resolve significant global...
