Exports of major textile commodities rise 5.37 pc in Jul despite global uncertainties: Govt

India’s textile exports demonstrated resilience in July 2025, increasing by 5.37% to USD 3.10 billion, driven by strong demand in ready-made garments, jute, carpets, and handicrafts. Cumulative exports for April-July 2025 rose by 3.87% to USD 12.18 billion, highlighting the sector’s role as a key driver of economic growth despite global uncertainties. Ready-made Garment exports […]

The Indian government has temporarily suspended the 11% import duty on raw cotton until September 30th to improve domestic supply. This decision is anticipated to benefit the textile sector by providing raw materials at competitive global rates and potentially increasing cotton imports from the US, particularly for premium exports.

A parliamentary panel suggests recalibrating India’s export strategy by enhancing manufacturing competitiveness and diversifying markets to counter global economic headwinds. The panel urges expanding production-linked incentives to high-tech and green manufacturing. Additionally, the government is urged to expedite CPSE privatization and aim for 8% economic growth with increased investment.

India’s Russian oil imports decreased in July due to reduced discounts and seasonal demand dips, with private refiners taking the majority. State refiners are shifting to Middle Eastern and U.S. supplies amid narrowed Urals discounts. Overall, Russian oil imports fell slightly in January-July, while U.S. purchases increased significantly, and Latin American imports were skipped in […]

U.S. Treasury Secretary Scott Bessent has accused India of “profiteering” from increased Russian oil purchases during the Ukraine war, now constituting 42% of India’s oil imports. Bessent contrasted this with China’s 16%, deeming India’s actions, which he calls “Indian arbitrage,” unacceptable.

Peter Navarro has criticized India’s crude oil imports from Russia, deeming them “opportunistic” and warning of consequences for the US-India strategic partnership. He alleges India’s actions are financing Russia’s war in Ukraine and jeopardizing access to US markets. These remarks precede a postponed US trade negotiation visit and potential tariffs on Indian goods due to […]

Indian exporters frontloaded shipments to the US to avoid potential higher duties, leading to a 21% export surge between April and July. While this growth provides a buffer for discounts, exporters fear a 50% tariff could devastate businesses with thin margins. Industry leaders are seeking government assistance to mitigate potential job losses, particularly in the […]