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India Textile Export Performance (Apr-Feb)
Comparison of textile export values between the previous and current fiscal year cycles.
Primary Sources
Inside India newsletter: Tariffs and Iran war threaten India's $100 ...
Hello, this is Priyanka Salve, writing to you from Singapore. Welcome to the latest edition of "Inside India" — your one-stop destination for stories and developments from the world's fastest growing large economy. Just as India's textile industry was beginning to stabilize after U.S. tariffs, it received another blow. Industry leaders tell me the Iran war has raised costs, hit demand and sent workers fleeing, crushing hopes of a sustained recovery. Enjoy!Any thoughts on today's newsletter? Share them with the team.The big storyIn this photograph taken on September 23, 2025, employees work at a garment factory in Tiruppur, in India's southern state of Tamil Nadu. R. Satish Babu | Afp | Getty ImagesIndian textile exporters could be forgiven for thinking that U.S. President Donald Trump has them in his crosshairs.In August last year, Washington slapped a 50% tariff on Indian goods, making exports uncompetitive. Relief came months later, when rates were slashed in February, but it lasted barely a few weeks: Trump's subsequent war on Iran plunged India's textile industry into fresh turmoil.Ready-made garment companies were among the worst-hit by the U.S. tariffs, losing orders or being forced to offer discounts to retain customers, experts said, adding that the Iran war has driven up raw material and packaging costs.The war, which began on Feb. 28 after the U.S. and Israel struck Iran, has disrupted the movement of goods through the Strait of Hormuz, driving up energy and freight costs and straining supply chains.This has led to some unusual challenges for the textile industry, India's second‑largest employer which supports more than 45 million jobs.Industry leaders said some migrant workers employed by the textile companies were struggling to secure liquified petroleum gas, the primary cooking fuel. This has prompted some to return to their home towns.The second blow"It was a tough year, and just when things were starting to come together in February, this war started," Ashwin Chandran, chairman of the Confederation of Indian Textile Industry, told CNBC.Between April 2025 and February this year, India exported cotton and man‑made yarns, fabrics, and ready-made garments worth $29.5 billion, down from $29.8 billion a year earlier, according to data from the Indian commerce ministry. While the decline may appear modest, the direction of travel is worrying for a country that aims to export $100 billion worth of textiles annually by 2030. "We were expecting FY27 [...
The Iran war impact on Make in India - Mint
Good morning!India’s manufacturing story lost some steam in March. The HSBC Purchasing Managers Index (PMI) slipped from 56.9 to 53.9—its weakest since June 2022—signalling slower but still positive growth.What’s behind the dip? A mix of softer demand and rising uncertainty. The Iran war is beginning to ripple through supply chains, pushing up input costs for metals, chemicals and fuel. Companies, however, aren’t fully passing this on yet, keeping price hikes modest.New orders and output, the backbone of factory activity, both slowed sharply, but there are pockets of resilience. Export demand held up, with stronger orders from Europe and Asia, and firms continued hiring at a steady pace.The bigger worry is uncertainty. While markets expect a short conflict, businesses are turning cautious, adjusting expectations and spending. If cost pressures persist, that gap between optimism and ground reality could start showing up more sharply in growth and inflation. Read more.In today’s edition of Top of the Morning:War opens window for India’s space startupsMaruti’s EV overdrive faces starting troubleVIP Industries: Hard luggage, soft salesTHE MAIN STUFFWar opens a window for India’s space startups: India’s space startups may have found an unexpected tailwind. The Iran war is driving demand for satellite-based surveillance, creating a “just right” moment for firms building imaging and data capabilities.Startups like Pixxel, Digantara and GalaxEye Space are already seeing inbound interest and signing deals, especially from West Asia, where many countries lack their own satellite systems.The opportunity is sizeable, with projections pegging India’s space surveillance market at $8 billion by 2033. But scale remains a constraint, with only a handful of satellites operational. Geopolitics could also complicate growth, as firms navigating US partnerships may face restrictions on who they can sell data to. Read more.Maruti’s EV debut hits early roadblocks: Maruti Suzuki’s long-awaited EV entry has stumbled out of the gate. The company fell well short of its 70,000-unit production target in FY26, exporting 25,000 units and selling just 1,400 domestically.View full ImageThe Maruti Suzuki eVitara.A mix of delays and disruptions hurt momentum. The domestic launch was pushed back, rare-earth magnet shortages slowed production, and a global EV slowdown weighed on demand.While rivals like Tata Motors and Mahindra scaled up, Maruti stayed cautious, capping output to avoid long wa...
TRADE TARIFFS IMPACT ON INDIA - The Economic Times
US tariffs likely to moderate India Inc's rating profile in H2 FY26; Iran war span key to outlook India Inc's credit profiles face moderation in the second half of FY26 due to US tariffs and the West Asia conflict.
Could the Rupee Really Hit 100? What US-Iran Tensions Mean for You
Is the Rupee headed for 100? With INR at a record low of 93.60, we analyze the US-Iran war impact on your portfolio and the sectors that will benefit. Read more.
