India’s economic activity in April showed resilience notwithstanding deceleration in some of the indicators, and the economy demonstrated strength despite persisting geopolitical and trade related uncertainties, according to an article in the latest issue of the Reserve Bank of India (RBI) Bulletin.

Industrial activity stayed strong in many segments. The index of eight core industries witnessed an uptick. Manufacturing PMI also rose marginally as cost pressures and geopolitical spillovers kept growth momentum in new orders and output slow.

India’s economic activity in April showed resilience notwithstanding deceleration in some of the indicators, and the economy showed strength despite geopolitical and trade related uncertainties, an article in the RBI Bulletin said.
Industrial activity was strong in many segments.
However, financial conditions, crude oil prices and capital flows continue to pose challenges to the external sector outlook.

However, financial conditions, crude oil prices and capital flows continue to pose challenges to the external sector outlook, the article said.

Early results of listed private non-financial companies for the fourth quarter (Q4) of fiscal 2025-26 (FY26) also showed an improvement in business performance over the previous quarter, with aggregate sales and operating profit recording a double-digit growth.

The merchandise trade deficit widened in April this year over March, with rising import bill primarily on account of crude oil and gold imports. The trade deficit also registered an increase albeit marginally vis-a-vis April 2025.

The available high-frequency indicators of economic activity in April generally suggest sustained demand, notwithstanding challenges in a few sectors.

India is witnessing a trade reconfiguration amidst the emerging geopolitical situation, the article titled ‘State of the Economy’ noted. Its trade through the Strait of Hormuz that had declined sequentially in March went up in April this year.

Despite significant increase in input cost, operating profit growth of manufacturing companies remained broadly stable during Q4 FY26. However, the operating profit margin softened during the quarter.

However, the near-term outlook is somewhat clouded by supply side pressures, the article noted.

It said though headline inflation remains firmly within the tolerance band, the pass-through to domestic prices needs to be monitored.

Fibre2Fashion News Desk (DS)

Exporters in dozens of African nations recently regained duty-free access to the United States after the African Growth and Opportunity Act (AGOA) was extended till 2026 end by a proclamation by President Donald Trump.

The extension follows a brief lapse in the programme in September 2025, which had caused uncertainty for African exporters dependent on US market access.

Exporters in many African nations have regained duty-free access to the US after the African Growth and Opportunity Act (AGOA) was extended till 2026 end by a US presidential proclamation.
The extension follows a lapse in the programme in late 2025, which had caused uncertainty for African exporters dependent on US market access.
Gabon was reinstated as an AGOA beneficiary, reversing its 2023 removal.

It was restored in February 2026 when Trump signed the Consolidated Appropriations Act, extending AGOA retroactively to the end of 2026.

The latest presidential proclamation on May 19 formally implemented the extension and updated US tariff schedules. Gabon has been reinstated as a beneficiary of AGOA after making sufficient progress on governance and eligibility, reversing its 2023 removal.

The announcement is a big relief for African economies that depend heavily on AGOA-linked trade, particularly in labour-intensive sectors like garments, where duty-free access significantly improves competitiveness in the US market.

But the limited extension continues uncertainty over the long-term future of the programme.

Fibre2Fashion News Desk (DS)

Bangladesh’s denim journey began quietly in 1984 with a small shipment to an Italian buyer. More than four decades on, it has grown into one of the most remarkable tales of transformations of recent times in the realm of apparel manufacturing and exports.

Bangladesh now ranks as the largest exporter of denim apparel to both the European Union and the United States, according to reports. This achievement reflects decades of strategic expansion, capacity-building, and a strong focus on denim as a product category.

One look at the infrastructure, and the scale of this transformation becomes clear! A little over a decade ago, Bangladesh reportedly had only about 10 to 12 denim fabric mills. That figure has since grown to nearly 50, reflecting sustained investment and long-term industry commitment.

Bangladesh’s denim journey began decades ago with a modest shipment and has evolved into a remarkable success story, establishing the country as the leading denim exporter to the EU and the USA.
The ascent has been driven by strategic expansion, robust local fabric supply base, cost-competitive workforce, and access to affordable resources.

Thanks to such efforts, the domestic mills now meet approximately 60 per cent of the country’s denim fabric requirement, and the remaining through imports. This has enabled denim apparel manufacturers to achieve a strategic balance that keeps them agile enough to serve diverse international buyers without compromising either on speed or quality.

Several structural advantages have also played a significant role in the country’s rise as a denim powerhouse. To start with, Bangladesh offers a large, cost-competitive workforce that continues to attract global sourcing decisions, and equally important is its growing reputation as a sustainability leader. Today, the country hosts the highest number of green-certified garment factories in the world, a credential that carries increasing weight as international brands tighten their environmental commitments.

Access to relatively affordable energy and water resources added another layer of competitive advantage.

Global sourcing shifts have further accelerated Bangladesh’s momentum. According to industry insiders, geopolitical uncertainty and supply chain diversification have encouraged brands to reduce reliance on China, with Bangladesh emerging as a beneficiary of this trend.

Denim’s year-round demand consistency, combined with ongoing investments in new fabric mills and advanced washing facilities, has further strengthened the sector, driving steady growth.

As per some estimates, Bangladesh shipped denim garments worth $2.6 billion to the EU and US markets last year, marking a sharp 25 per cent increase from $2.07 billion the year prior.

The United States alone accounted for $960 million of that figure, as per some estimates, a robust 34 per cent year-on-year growth, giving Bangladesh an estimated 26 per cent market share and the top position in American denim imports.

The European Union has been equally strong, with exports reaching $1.64 billion, up 21 per cent, as per some estimates, thereby cementing Bangladesh’s lead over key regional competitors, including Pakistan.

Looking ahead, the fundamentals remain firmly in Bangladesh’s favour. Denim’s enduring appeal, rooted in its comfort, durability, and versatility across casual fashion, shows no signs of fading among global consumers. And with expanding production capacity, a maturing manufacturing ecosystem, and a sustainability profile that increasingly aligns with buyer expectations, Bangladesh is well-positioned not just to defend its leadership in denim but extend it further in the days to come.

Fibre2Fashion News Desk (DR)