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Fashion Industry Faces Shift Toward Non-Luxury GrowthA recent study conducted by industry solutions provider Lectra reveals that non-luxury brands are expected to take the lead in the fashion market by 2025, marking the first time in over ten years that this segment will outpace luxury counterparts. This shift points toward a broader transformation in brand strategies, with growth anticipated to be driven more by volume than by value. Amidst a...0 Commentarios 0 Acciones 864 Views 0 Vista previa
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GST 2.0 - Reforms to propel MMF textile industry sub-Rs 2,500 retail segment poised for growthSynopsis The reforms are expected to correct anomalies at the fibre stage, reduce costs at the yarn and fabric stages, improve garment affordability, revive demand at the retail stage, and enhance export competitiveness. The textile industry has welcomed the recommendations of the 56th GST Council meeting, held in New Delhi on September 3, describing them as a timely boost for MSMEs and...0 Commentarios 0 Acciones 613 Views 0 Vista previa
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India’s textile sector posts 2.1% growth in FY25-26The growth reflects sustained international demand for Indian textile products and the sector’s competitiveness across key product categories. India’s textile sector recorded a 2.1 per cent growth in FY 2025–26, highlighting its resilience and strong position in global markets. According to the Ministry of Textiles, total exports, including handicrafts, rose from over Rs 3.09...0 Commentarios 0 Acciones 326 Views 0 Vista previa
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