Ana Navarro calls on Barack Obama to step out of Netflix mode and help save democracy from Trump
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India.com
an hour ago
- India.com
Big win for India as it becomes global hub in..., defeats China and Bangladesh, Pakistan in tension because...
Big win for India as it becomes global hub in…, defeats China and Bangladesh, Pakistan in tension because… The global textile industry has been witnessing a major change recently. Major buyers are now turning away from China and Bangladesh and moving towards India. India is emerging as a new major hub in this sector with the country's textile exports have registered a significant increase. 11.3% Growth In Textile Industry In May As per the available data from the textile industry body Confederation of Indian Textile Industry (CITI), the textile export of the country has increased by 11.3 percent in May 2025 as western buyers are now considering it as a reliable option ignoring China and Bangladesh. Impact Of Political Turmoil In Bangladesh It is to be noted that the ongoing political turmoil in Bangladesh, following the change of the Sheikh Hasina-led government in August last year, has impacted the country in several ways, including the textile industry. The situation has turned the buyers towards India. As per a report by The Economic Times, garment exports grew by 17.3 percent in September and 24.35 percent in October. US-China Tariff Policy and India US tariffs on Chinese goods inadvertently boosted India's competitiveness, enabling its exporters to significantly increase their market share in the United States. This surge in demand led to requests from international buyers for increased Indian production capacity and compliance with relevant certifications. Furthermore, these tariffs also facilitated preferential treatment for Indian sugar exports. India Compared To China Notably, the share of India in the US apparel market is around USD10 billion, while China's share is USD30 billion. Along with textile exports, raw cotton imports have also witnessed a rise. As per Cotton Association of India, the estimated imports in 2024-25 will be 3.3 million bales (170 kg per bale), compared to 1.52 million bales in 2024. India compared to Pakistan As per Pakistan Bureau of Statistics (PBS), Pak's apparel exports stood at USD2.92 billion during July-August 2024-25. While India's textiles and apparel exports increased to USD6.180 billion during the first two months of the financial year 2025-26. Why India? Political stability and US tariff benefits have played a crucial role in elevating India's position in the global textile market. The country is moving ahead by balancing export growth, raw material imports and global demand.
Economic Times
9 hours ago
- Economic Times
New York Primary results: Who is winning Mayoral Democratic primary?
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Time of India
9 hours ago
- Time of India
Bombing Iran might do the opposite of what the west wants, Medvedev warns against forcing Tehran into a corner
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