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Indian textile sector achieves 8.49 billion dollars in exports, up 10 percent

India’s textile exports to 111 countries posted a 10 percent year-on-year increase in the April–September period, reflecting the sector’s resilience despite global economic headwinds and tariff-related challenges in key markets, the Ministry of Textiles said on Wednesday. These markets together contributed 8.49 billion dollars in the first half...

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Rising competition from China creates employment problems, according to the ECB

According to a recent study by the European Central Bank (ECB), trade tensions with the US, leading China to export more to the Eurozone, may cause problems. This could lead to fewer job opportunities for Europeans and increased unemployment. The study, by ECB senior economists Clémence Berson, Claudia Foroni, Vanessa Gunnella and Laura...

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