… ,100 crore PM Mega Integrated Textile Region and Apparel (PM MITRA … will be the first integrated textile park of its kind in … and bolster India’s textile sector on the global stage … park will energise the Indian textile industry from Madhya Pradesh and …Read More
Just five out of 12 Federal Reserve (Fed) districts saw slight growth, three noted relatively unchanged activity and the rest slight to modest declines, the Beige Book said.
Manufacturing was mixed, but two-thirds of districts said activity was little changed or had declined.
The outlook in several districts worsened considerably as economic uncertainty, particularly surrounding tariffs, rose.Read More
California has overtaken Japan to become the world’s fourth-largest economy in 2024, with its GDP reaching $4.1 trillion, according to IMF and BEA data.
While outperforming the US, China, and Germany in 2024 GDP growth, Governor Gavin Newsom warned of risks from federal tariff policies and has filed a lawsuit challenging the president’s broad use of emergency trade powers.Read More
In February 2025, the euro area posted a €24 billion (~$25.68 billion) trade surplus, up from €21.7 billion in 2024, with exports rising 6.2 per cent.
The chemicals sector saw notable growth.
From January-February 2025, euro area exports rose 4.5 per cent, imports 6.6 per cent.
The EU recorded a €17.4 billion (~$18.62 billion) surplus in Jan-Feb 2025, down from €28.5 billion same period last year.Read More
Clariant has renewed and deepened its partnership with Midrex to advance natural gas-based direct reduced iron (DRI) technology—a low-carbon steelmaking alternative.
Combining Clariant-manufactured REFORMEX Catalysts with MIDREX Reformers, the solution boosts efficiency and cuts CO₂ emissions, supporting the steel industry’s transition to net-zero.Read More
EuroCham Bangladesh has urged the interim government to avoid discriminating against EU firms by mulling over offering substantial trade concessions to the US.
High tariffs and non-tariff barriers hinder EU firms’ efforts to do business with and export to Bangladesh, it noted, encouraging Dhaka to reaffirm its commitment to a rules-based trading system and pursue needed policy and customs reforms.Read More
Sri Lanka’s economy grew by 5 per cent in 2024, surpassing expectations, driven by construction and tourism.
However, growth is expected to slow to 3.5 per cent in 2025 and 3.1 per cent in 2026 due to crisis-related scarring and global uncertainties.
Despite recovery, poverty remains high at 24.5 per cent.
The World Bank urges reforms to boost jobs, stability, and inclusive growth.Read More
… the establishment of a Cotton, Textile and Garment Development Board, … establishment of the Cotton, Textile and Garment Development Board.
… body for the cotton, textile and garment sector of Nigeria … and funded from the Textile Import Levy being collected by …Read More
The government deficit:GDP ratio fell from 3.5 per cent in 2023 to 3.1 per cent in 2024 in the euro area, and from 3.5 per cent to 3.2 per cent in the EU.
Twelve states had government debt ratios more than 60 per cent of GDP.
Euro area government expenditure in 2024 was 49.6 per cent of GDP and government revenue was 46.5 per cent.
For the EU, these were 49.2 per cent and 46 per cent respectively.Read More
South Asia’s growth is projected to slow to 5.8 per cent in 2025, down 0.4 ppts from previous forecasts, with risks from global uncertainty and domestic challenges.
India’s growth will slow to 6.3 per cent, while Bangladesh and Pakistan face slower recovery.
The World Bank urges increased domestic revenue mobilisation to strengthen fiscal positions, recommending tax reforms and digital technology.Read More