Fears of economic recession in key markets such as the US and the EU, persistent supply-chain woes and a recent drop in fresh orders have threatened to derail India’s dream run in the export sector, one of the bright spots in the economy in the aftermath of the Covid pandemic, according to exporters and senior industry executives.

A raft of changes announced by the Goods and Services Tax (GST) Council last week, including the one to expedite refunds to those categorised as “risky exporters”, will certainly help but much depends on their implementations, exporters told FE.

he cotton yarn price drop has been welcomed by Tamil Nadu’s textile industry and the Tiruppur Exporters’ Association expects a revival of international orders if the downward trend continues. 

New Delhi: Union Minister Piyush Goyal on Saturday said India wants to capture the world market in all sectors and the country would "very soon" become a USD 30 trillion economy from the level of USD 3 trillion at present.

Located nearly 500 kilometres to the southwest of Chennai, Tiruppur is India’s largest knitwear hub. The cluster pretty much came up on its own in what was once an agricultural town.

TIRUPUR: Textile industry players here are breathing a sigh of relief with the price of cotton yarn coming down by 40 per kilogram.