Apparels

India’s gems and jewellery exporters anticipate a market rebound in the US. Recent US tariff reductions offer hope after a substantial drop in shipments. Diamond exporters await clarity on zero-duty benefits. The lab-grown diamond sector also looks to expand its US market share. This development is seen as a timely positive for the industry.

The India–US tariff reset sharply improves India’s price competitiveness in the US market, triggering early signs of order revival and exporter confidence.
Combined with the EU deal and Budget support, it creates a rare alignment for export-led growth.
Real gains will hinge on rapid capacity expansion, productivity gains, and stronger ESG compliance.

India’s exporters have welcomed the India–US trade deal, which cuts US tariffs on Indian goods from around 50 per cent to 18 per cent, saying it will immediately unlock stalled orders.
Industry bodies expect a rapid rebound in textile and apparel exports, improved competitiveness in the US market, renewed buyer confidence, fresh investments, and stronger job creation across labour-intensive sectors.

A new India-US trade agreement brings much-needed relief to the gem and jewellery sector. This deal aims to revive exports that suffered due to high American tariffs. The agreement caps reciprocal tariffs, replacing punitive levies that had significantly impacted Indian goods. The US is India’s largest market for these exports.

Joker & Witch, a popular digital brand, is now opening physical stores across India. The company plans to launch between 10 and 20 stores this year, with more to follow. Expansion is funded internally, focusing on malls for high footfall. This move marks a significant strategic phase for the brand’s growth.

Aditya Birla Lifestyle Brands Ltd achieved strong double-digit growth in the December quarter. Revenue climbed 10% to ₹2,343 crore. EBITDA saw a significant 21% jump to ₹431 crore. This performance was driven by retail, e-commerce, and wholesale channels. The company added over 90 new stores, expanding its reach. Growth momentum is expected to continue.

Indian textile and apparel exporters have welcomed the India–US trade deal, saying the cut in US tariffs to around 18 per cent gives India a 2 per cent edge over competing sourcing nations.
Industry leaders expect immediate margin relief in Q4 2025–26, stronger US orders from the next financial year, and a broader export growth cycle as buyers reassess global sourcing strategies.

India’s textile and apparel industry has welcomed the India–US trade deal as a turning point for exports, competitiveness and employment.
Industry leaders said the sharp cut in US tariffs to 18 per cent will revive capacity utilisation, attract fresh investments and strengthen India’s position as a global sourcing hub.
The agreement is expected to drive strong export growth and job creation.

Gold prices have fallen significantly today, February 2, 2026, following the Budget 2026 presentation. Leading jewellers like Tanishq, Malabar Gold and Diamonds, and Joyalukkas have reported lower rates. The India Bullion and Jewellers Association also shows a sharp decline across all gold purities. New tax rules for Sovereign Gold Bonds are also in effect.

Retail Budget 2026: India’s footwear and leather sector receives a significant boost from the latest budget. Finance Minister Nirmala Sitharaman has introduced measures like duty-free imports for shoe uppers and extended export timelines. These changes aim to enhance cost efficiency and strengthen India’s position as a global manufacturing hub.