According to Statista, the Indian textile industry is valued at 223 billion dollars as of 2021. The industry is the largest producer of cotton and jute, 2nd largest in silk, and 95% of hand-woven fabrics globally are from India.
Karnataka government is preparing to revise minimum wages. Unskilled labourers could soon earn Rs 20,000 monthly, up from the current Rs 15,000.
If done, expect a huge surge of job seekers in the state all across the country.
India's handmade carpet and rug exports reached US$ 1.39 billion in FY24 and are projected to continue growing, with the US being the largest market, accounting for approximately 40% of exports.
India's exports to the U.S. are projected to reach $77.5 billion in FY24, growing at a 10.3% CAGR over three decades, according to a Bank of Baroda report. The U.S. has consistently emerged as a vital market, with its share of India's exports rising
📊 INDIA-UK TRADE DEAL: WHAT YOU NEED TO KNOW
After 3 years of negotiations, the historic India-UK Free Trade Agreement is finally complete! Here's why it matters:
✅ 90% of Indian tariffs slashed, with 85% becoming fully tariff-free within a decade
📢 India's Trade Performance: Feb 2025 vs Feb 2024 🇮🇳📊 While total trade down by $4.5 billion but India achieved trade Surplus of $4.43 Billion 💵 which is huge 👏
🔹 Merchandise Trade
📉 Exports: $36.91B (-10.9% YoY from 2024)
📉 Imports: $50.96
