Union Minister of Textiles Giriraj Singh stated that the textile ministry is committed to helping the industry to reach the market size of USD 300 billion in year 2030 and provide employment to 6 crore persons in textile value chain, the Ministry stated in a release on Sunday.
Pakistan's PTI has condemned the government for throttling internet speeds under the pretext of security concerns, citing severe economic repercussions. PTI's Sheikh Waqqas Akram highlighted that Pakistan suffered USD 1.62 billion in losses due to internet shutdowns in 2024, the highest g
India's current account deficit (CAD) is expected to remain elevated in FY26 due to stringent global trade policies, according to a report by JM Financial.
China is planning to impose new export restrictions on technologies vital for the electric vehicle (EV) industry, including lithium extraction and battery cathode production. The move, which targets critical materials, signals a further escalation in its tech rivalry with the United States,
In a fresh escalation of trade tensions between the United States and China, Beijing on Thursday announced new export control measures targeting 28 US companies, the Voice of America reported.
India's textile and apparel sector has posted a remarkable growth in exports during the first half of FY 2024-25, with total exports reaching USD 21,358 million, marking a 7 per cent increase compared to the same period last year.
In Q3 of 2024, Qatar recorded a merchandise trade balance surplus (difference between total exports and imports) of QR 57.7 billion down from QR 60.9 billion in Q3 2023.
India's tobacco exports are projected to grow by over 8 per cent this year, crossing Rs 13,000 crore, according to a senior government official. In 2023-24, outbound shipments stood at Rs 12,005.89 crore.
Export volumes surged from 218.84 million kg in 2019-20 to 315.51 million kg in 2023-24, bolstered by effective government policies and the Tobacco Board's relentless efforts. India, the second-largest tobacco producer globally, has maintained its dominance in the export market.
In December 2024, HMIL reported total sales of 55,078 units, comprising 42,208 units sold domestically and 12,870 units exported. While these figures indicate a slight decline of 2.4 per cent compared to December 2023, they reaffirm the company's consistent performance throughout the year.
The two-wheeler segment faced headwinds in the domestic market, where sales fell by 19 per cent to 1,28,335 units from 1,58,370 units in December 2023.