India’s textile exports showcased resilience in July 2025, climbing 5.37% to $3.1 billion, driven by robust demand for readymade garments, jute, carpets, and handicrafts. Cumulative exports for April-July 2025 reached $12.18 billion, marking a 3.87% increase compared to the previous year, highlighting the sector’s diversified product strength and its role in economic growth despite global […]
India’s major textile commodities exports up despite global uncertainties: Govt
Need to work on reducing trade imbalance between Russia, India urgently: EAM Jaishankar addresses IRIGC-TEC session
10 months ago
External Affairs Minister S. Jaishankar highlighted the significant increase in India-Russia bilateral trade, which surged from USD 13 billion in 2021 to USD 68 billion in 2024-25. However, he emphasized the urgent need to address the growing trade imbalance, which has widened from USD 6.6 billion to USD 58.
Exports of major textile commodities rise 5.37 pc in Jul despite global uncertainties: Govt
10 months ago
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 […]
Import duty on raw cotton waived off till September-end
10 months ago
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.
Parliamentary Panel for reset of export strategy
10 months ago
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.
Parliament passes Indian Ports Bill 2025: Sonowal says India targets Singapore, Europe-style integrated planning
10 months ago
The Parliament has approved the Indian Ports Bill, 2025, aiming to elevate India’s maritime operations to global standards. Union Minister Sarbananda Sonowal highlighted that the bill will bring discipline to port operations, aligning with international best practices and environmental standards.