textile exports

June 24, 2026 2:11 PM

Centre, states unite to chart roadmap for $100 billion textile exports by 2030

The Ministry of Textiles on Tuesday inaugurated a two-day national summit aimed at transforming India into a global textile export powerhouse, with a target of increasing textile and apparel exports from the current USD 37 billion to USD 100 billion by 2030. The Departmental Summit on “Textiles for Global Markets: Strategy for Achieving USD 100 Billion Exports by 2030” was inaugurated in New Delhi as part of the Cabinet Secretariat’s initiative to strengthen Centre-State collaboration and...

April 22, 2026 1:20 PM

India’s textile exports grow 2.1% in FY 2025-26, driven by global demand and policy support

India’s textile sector recorded steady growth in global markets during FY 2025-26, with total exports rising by 2.1 per cent to ₹3,16,334.9 crore, according to the Ministry of Textiles. The increase from ₹3,09,859.3 crore in FY 2024-25 reflects sustained international demand and the sector’s competitiveness across key product categories, including garments, yarn, fabrics, and handicrafts. Ready-made garments (RMG) continued to dominate India’s textile exports, growing by 2.9 per cent...

August 7, 2025 8:20 AM

Trump imposes additional 25% tariff on Indian imports; economists warn of impact on growth

U.S. President Donald Trump has imposed an additional 25% tariff on imports from India, a move economists say could dent India’s GDP growth in FY26 by up to 0.4%. Sonal Badhan, Economics Specialist at Bank of Baroda, told ANI, “We had initially priced in an approximate 0.2% impact on GDP growth due to the earlier 25–26% tariffs imposed by the U.S. The additional 25% hike will come into effect after 21 days. During this time—or in the coming months—there is a likelihood that lower rate...