by TANVI_MUNJAL | Nov 7, 2023 | Finance & Economy, News & Insights
Indian Government taking significant steps to reduce imports of non-essential products such as TV tyres, wallpaper, and AC gas compressors has yielded positive outcomes. The Commerce Ministry’s efforts to curtail the inbound shipments through various measures,...
by TANVI_MUNJAL | Oct 27, 2023 | Fabrics & Processing, News & Insights
The continuous rise in the import of dyed knitted fabrics, despite the imposition of import duties, is causing concern in Tamil Nadu’s textile industry, according to Prabhu Dhamodharan, the Convenor of the Coimbatore-based Indian Texpreneurs Federation (ITF)....
by DIGITAL MEDIA EXECUTIVE | Jun 3, 2023 | Finance & Economy
According to data issued by the Turkish Statistical Institute (TurkStat), Turkiye’s Gross Domestic Product (GDP) had a strong growth of 4% in the first quarter (Q1) of 2023 compared to the same quarter in the previous year. Using the chain-linked volume index...
by DIGITAL MEDIA EXECUTIVE | May 19, 2023 | Import/Export
According to preliminary figures from the Commerce Ministry issued on Monday, India’s exports of goods plummeted by 12.7% in April to a six-month low of $34.66 billion, while imports fell by an even greater 14% to $49.90 billion. As a result, the monthly goods...
by DIGITAL MEDIA EXECUTIVE | May 9, 2023 | Business & Policy
INSIGHTS When compared to the same time in 2022, US imports of textiles and clothing dropped by 19.98% to $25.874 billion in the first three months of 2023. With a market share of 23.78%, China continued to be the top provider, followed by Vietnam at 14.75%. While...
by DIGITAL MEDIA EXECUTIVE | Apr 28, 2023 | cotton industry, COTTON PRICE
Due to selling pressure in the absence of buyers, recycled polyester fibre and polyester-cotton yarn production in India have seen a declining trend. However, the cost of polyspun yarn has remained constant. In the Mumbai market, viscose yarn showed a similar...
by DIGITAL MEDIA EXECUTIVE | Apr 15, 2023 | Finance & Economy
India’s exports, buoyed by the services sector, increased 14% to a record $770 billion during the most recent fiscal year, while imports increased to a new high of $892 billion, despite a slowdown in the demand for goods owing to global headwinds. According to...
by DIGITAL MEDIA EXECUTIVE | Apr 14, 2023 | Import/Export
In March, India’s exports experienced their biggest decline in almost three years, falling 13.9% year-over-year (YoY) to $38.38 billion as geopolitical unrest and a downturn in developed nations weighed on international demand. India’s exports fell 34.6%...
by DIGITAL MEDIA EXECUTIVE | Apr 14, 2023 | Import/Export
With a 369.4% increase (year-over-year) to $46.33 billion and a share of India’s imports that increased to 6.5 percent from 1.6 percent in the previous fiscal, Russia has climbed 16 places to take the fourth spot as the country’s fourth-largest importer....
by DIGITAL MEDIA EXECUTIVE | Apr 12, 2023 | Fibres and Yarns
The fashion industry is a ever-growing industry. The fashion industry has two main components namely- Man Made fiber and the natural fiber without which the industry is incomplete.The demand of natural fiber and man – made fiber is increasing with the growth of...
by DIGITAL MEDIA EXECUTIVE | Apr 5, 2023 | Country Report
Yet, neither of the two administrations has set a timeline for wrapping up talks. The EU carbon tax, also known as CBAM, levies a fee on imported goods depending on their carbon footprint in an effort to reduce carbon emissions. Even if India and the UK agree to major...
by DIGITAL MEDIA EXECUTIVE | Mar 31, 2023 | Trade Analysis
According to a study from the Global Trade Research Initiative (GTRI), India’s merchandise imports, driven by purchases of oil, precious metals, and electronics, are anticipated to increase 15% to a high $710 billion in FY23. According to economists, the...