New Delhi, Feb 15 (IANS) Amid Lok Sabha Leader of Opposition (LoP) Rahul Gandhi’s repeated assertions on India begin given a “raw” deal in the India-US trade pact, the Bharatiya Janata Party (BJP) has scaled up it attack, accusing the Congress leader of resorting to lies and hearsay to spread a “manufactured narrative” which was far-fetched from reality. A couple of BJP Parliamentarians, speaking to media, brushed aside Rahul’s charges on the trade deal, having a detrimental effect on India’s bu…
Latest Textile Industry News & Updates
New Delhi, Feb 14 (IANS) Lok Sabha Leader of Opposition Rahul Gandhi on Saturday launched a sharp attack on the Centre over the trade agreement with the United States, alleging that the deal would “destroy” India’s textile industry as well as its cotton farmers.In a video message shared on X, Gandhi claimed that millions of livelihoods are at stake. “India’s textile sector employs 50 million families. Narendra Modi’s US deal has destroyed India’s textile sector. Narendra Modi knows this, the who…
New Delhi, Feb 13 (IANS) Commerce and Industry Minister Piyush Goyal on Friday said that India’s recent free trade agreements (FTAs), particularly the interim trade deal framework with the US, have marked a structural shift in how New Delhi engages with the world on trade issues.Delivering the keynote address at the ‘ET NOW Global Business Summit (GBS) 2026’ here, the minister reiterated that India has fully protected the interests of farmers while negotiating the trade deal with the US.The mi…
New Delhi, Feb 12 (IANS) India’s trade surplus with the US may cross $90 billion annually after the trade deal, with at least a $45 billion annual additional trade surplus with the US, which is 1.1 per cent of the GDP, and savings of $3 billion in forex reserve, an SBI Research report said on Thursday.The trade deal with the US, back on the heels of wide arc of trade deals with the EU and the UK, catapults India to a unique strategic position wherein the country, as also its exporters, are poi…
New Delhi, Feb 11 (IANS) Leader of Opposition in the Lok Sabha, Rahul Gandhi, on Wednesday targeted the Centre and Finance Minister Nirmala Sitharaman over the India-US trade agreement and the reported tax concessions extended to foreign cloud service providers, claiming that the arrangement is detrimental to India’s economic and strategic interests.Participating in the debate on the Union Budget, Gandhi criticised the government’s policies on data and taxation while taking a swipe at the Fi…
New Delhi, Feb 7 (IANS) The interim tariff agreement marks a significant development in the US-India trade relations, potentially expanding market access for exporters in both countries and providing a stable and comprehensive trade framework, industry said on Saturday.India and the United States have finally signed an interim tariff agreement aimed at reducing trade barriers and strengthening bilateral economic cooperation. “The framework was agreed upon in ongoing negotiations to expand two-…
Gandhinagar, Feb 5 (IANS) Gujarat is set to gain significantly from the Union Budget 2026-27, which focuses on advancing economic growth, enhancing infrastructure, and promoting inclusive development, Chief Minister Bhupendra Patel said on Thursday. Addressing a press conference, Patel described the budget as a “strong foundation for building a developed India” under Prime Minister Narendra Modi’s leadership.He highlighted that the budget is guided by three core priorities: boosting sustai…
New Delhi, Feb 4 (IANS) Experts on Wednesday welcomed the United States’ decision to reduce tariffs on Indian imports and exports to 18 per cent, saying the move will strengthen bilateral trade and provide major relief to the textile industry.Speaking to IANS, agricultural economist Dr R.S. Ghuman said that under the World Trade Organisation (WTO) framework, such high tariffs should ideally not be imposed, as they restrict the potential of bilateral trade.“With tariffs now reduced to 18 per …
New Delhi, Feb 3 (IANS) The Pakistan Business Forum (PBF) has assessed the cost of doing business in the country to be around 34 per cent higher than in comparable regional economies, which means Pakistani exporters are losing price competitiveness in international markets that determine survival, according to an article in the Pakistani media.For an economy that is trying desperately to pivot to export-generated growth, employment and foreign exchange, this disadvantage is simply unsustainable….
New Delhi, Feb 1 (IANS) The Union Budget 2026–27 presents a strong and credible roadmap to enhance India’s competitiveness through fiscal discipline, structural reforms and targeted measures aimed at boosting private investment, industry representatives said on Sunday.Speaking to IANS, CII Punjab Chairman Amin Jain said the Budget includes several key announcements for the textile sector.“These include the development of mega textile parks, integrated plans for labor-intensive textile segm…