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-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 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