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...
by Manali bhanushali | Mar 13, 2021 | Industry And Cluster, News & Insights
The Index of Industrial Production (IIP) contracted 1.6 per cent for January 2021, according to the data released by the Ministry of Statistics and Programme Implementation (MoSPI). The industrial output rose by 1 per cent in December 2020 and grew by 2 per cent in...
by TEXTILE VALUE CHAIN | Oct 10, 2020 | Industry And Cluster, News & Insights
The global export of ensembles reported 1.07 per cent decline to $4,542.06 million in the year 2019 from $4,591.18 million in 2017. Total exports moved down 5.93 per cent in 2019 compared to the previous year, according to data from TexPro. However, exports is further...
by msi.pipon | Jun 24, 2020 | Home Textiles, News & Insights
The global trade of terry toweling and similar terry fabrics of cotton has been reduced in the year 2019. Total trade slightly increased 1.26 per cent from $157.34 million in 2017 to $159.33 million in 2019, according to data from TexPro. The total trade of terry...
by Millionaires | Jun 23, 2020 | Industry And Cluster, News & Insights
The global trade of true hemp (raw or retted) has shown a considerable growth in 2019. Total trade grew 51.69 per cent from 2017 to 2019, according to data from TexPro. The global trade of true hemp was $17.46 million in 2017, which moved up to $26.49 million...