Wholesale price-based inflation rate declined by (-) 3.48 per cent in May, a 3-year low, on easing prices of food, fuel and manufactured items. The wholesale price index (WPI) based inflation rate has been in the negative territory for the second straight month. In April it was (-) 0.92 per cent. In May, 2022 WPI inflation was at 16.63 per cent. The May, 2023 data print of (-) 3.48 per cent...
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Govt will work to further bring down inflation: Nirmala Sitharaman in Lok Sabha
-PTI/ The Telegraph Experts say a high base of last year and some easing in food prices also worked in favour of the November 2022 wholesale price index The wholesale price-based inflation fell to a 21-month low of 5.85 per cent in November as prices of food, fuel and manufactured items softened. The WPI (wholesale price index) based inflation has been on a declining trend since May and came down to single digit...
More »India's fabric -Sumit Roy and Murli Dhar
-The Telegraph Demand for sustainable or organic cotton on the rise, providing an opportunity for the country to excel A few years ago, images of the drying up of the eastern bed of the Aral Sea had shocked millions. It was linked to the widespread growing of unsustainable cotton, backed by the Uzbekistan government, to pocket greater forex earnings and satiate the demands of the global fashion industry. The demand for sustainable...
More »Govt to come out with second PLI scheme for textiles: Goyal -Dilasha Seth
-Livemint.com Move aims to give further boost to manufacturing and exports of apparel, commerce and industry minister Piyush Goyal said at an industry event on Saturday COIMBATORE: The Union government is set to come out with a second production linked scheme (PLI) for the textiles sector, to give further boost to manufacturing and exports of apparel, commerce and industry minister Piyush Goyal said at an industry event on Saturday. On possibility of extension...
More »Hanging by a thread: Gujarat’s Textile Industry -AM Jigeesh
-The Hindu Textile traders and cotton farmers say they’re suffering unprecedented losses. For a State half whose population is linked to textiles, such a crisis could have far-reaching consequences. With the Assembly polls scheduled in Gujarat later this year, A.M. Jigeesh explores whether this financial adversity could have political repercussions Hours after the Goods and Services Tax (GST) was launched at a midnight gala on June 30, 2017, a 38-year-old textile trader,...
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