Fashion
India’s real GDP growth for Q1 FY27 projected at 6.6%: RBI
Real GDP growth for Q1 FY27 is projected at 6.6 per cent. The risks are evenly balanced.
The above normal southwest monsoon, lower inflation, rising capacity utilisation and congenial financial conditions continue to support domestic economic activity, he wrote. The supportive monetary, regulatory and fiscal policies including robust government capital expenditure, should also boost demand.
India’s real GDP growth for FY26 is projected at 6.5 per cent, with Q1 at 6.5 per cent, Q2 at 6.7 per cent, Q3 at 6.6 per cent and Q4 at 6.3 per cent, the central bank said.
Such growth for Q1 FY27 is projected at 6.6 per cent.
CPI inflation for FY26 is projected at 3.1 per cent, with Q2 at 2.1 per cent, Q3 at 3.1 per cent and Q4 at 4.4 per cent.
CPI inflation for Q1 FY27 is projected at 4.9 per cent.
Domestic growth is holding up and is broadly evolving along the lines of the central bank’s assessment even though some high-frequency indicators showed mixed signals in May-June, and the inflation outlook for fiscal 2025-26 has become more benign than expected in June, he wrote.
Rural consumption remains resilient, while urban consumption revival, especially discretionary spending, is tepid, he noted.
Fixed investment supported by buoyant government capital expenditure (capex) continues to support economic activity.
While the manufacturing purchasing managers’ index (PMI) remained elevated in the first quarter (Q1) of FY26, the index of industrial production (IIP) showed moderation.
Prospects of external demand, however, remain uncertain amidst ongoing tariff announcements and trade negotiations, the RBI governor wrote. The headwinds emanating from prolonged geopolitical tensions, persisting global uncertainties, and volatility in global financial markets pose risks to the growth outlook.
Consumer price index (CPI)-based headline inflation declined for the eighth consecutive month to a 77-month low of 2.1 per cent in June.
Core inflation, which remained within a narrow range of 4.1-4.2 per cent during February-May, increased to 4.4 per cent in June.
CPI inflation, however, is likely to edge up above 4 per cent in Q4 FY26 and beyond, as unfavourable base effects and demand side factors from policy actions come into play, the central bank governor wrote.
Barring any major negative shock to input prices, core inflation is likely to remain moderately above 4 per cent during the year. Weather-related shocks pose risks to inflation outlook.
Considering all these factors, CPI inflation for FY26 is now projected at 3.1 per cent, with Q2 at 2.1 per cent, Q3 at 3.1 per cent and Q4 at 4.4 per cent. CPI inflation for Q1 FY27 is projected at 4.9 per cent.
Fibre2Fashion News Desk (DS)
Translated by
Nazia BIBI KEENOO
Published
September 2, 2025
The European Institute of Design (IED) has expanded its scholarship program with a last-minute initiative that offers 250 students a grant covering 50% of first-year tuition for three-year courses. Candidates must apply by September 22. This new €1.5 million investment complements the €3 million already distributed through IED’s regular scholarship cycles earlier this year.
“Italy has the highest percentage of non-graduates in Europe — 40%, compared to the 20–25% average in other countries. We’ve seen that countries with fewer graduates often experience slower growth,” said Francesco Gori, CEO of the IED Group, during the project’s press presentation. “Over the past ten years, about one million Italians aged 18 to 20 have gone abroad — mostly to study — and many haven’t returned. With this initiative, we aim to provide more young people with the opportunity to stay and study in Italy. IED offers a wide range of English-language courses, and 70% of our students are international. In recent years, we’ve also seen more Italian students showing interest in studying in English.”
The scholarships apply to IED campuses in Milan, Rome, Turin, Florence, Cagliari, and the Aldo Galli Academy in Como. They are open to both Italian and international students who wish to pursue programs in Design, Fashion, Visual Arts, Communication, and the new Cinema course launching in October.
The jury, composed of course directors and faculty, will award scholarships based on the order of application submission. Each candidate must also complete an admissions interview that evaluates their motivation and readiness to engage in a hands-on academic program with mandatory workshop hours.
“Beyond increasing the country’s graduate rate, our mission is to help students build skills like lateral thinking and soft skills — essential today even in fields outside traditional creativity, such as consulting, finance, law, and engineering,” said Riccardo Balbo, Chief Academic Officer of the IED Group.
In addition to its campuses in Italy, IED operates in Spain — with locations in Barcelona, Bilbao, and Madrid — and in Brazil, with sites in Rio de Janeiro and São Paulo. Each year, IED educates around 10,000 students from 103 countries, reinforcing its position as an international hub for creative education.
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Published
September 2, 2025
Proenza Schouler has appointed Rachel Scott, the founder and designer of Diotima, as its new creative director, the New York house announced on Tuesday, a decision that is sure to be well-received.
Scott’s inaugural presentation as creative director for Proenza Schouler will debut in February 2026 with the Fall/Winter 2026 collection, marking a new chapter for the brand.
Scott actually joined Proenza Schouler as a consultant earlier this year, working closely with the design studio to shape the brand’s creative evolution. The Spring/Summer 2026 collection, developed through this collaborative partnership, “serves as an opening statement and an intimate preview of her perspective, one that will continue to unfold in the seasons ahead,” the Manhattan marque added.
Long recognized as a brand synonymous with craft and New American luxury, Proenza Schouler will enter a new chapter with Scott at the helm. Rachel brings a global design perspective, vast technical knowledge, and a distinctive new voice that aligns seamlessly with Proenza Schouler’s brand DNA, the brand underlined.
“As one of the most celebrated design talents of today, Rachel brings a fresh and female perspective to a brand built on the spirit of the modern American woman. Her profound understanding of Proenza Schouler’s brand codes, paired with her exceptional ability to marry craft with innovation, made her the natural choice to lead the brand forward,” said Proenza Schouler CEO Shira Suveyke Snyder in a release.
Scott succeeds the Proenza Schouler founding partners Lazaro Hernandez and Jack McCollough, who quit the house after two decades this year to move to Paris and become the joint creative directors of Loewe, taking over from Jonathan Anderson after he left to become the creative director of sister LVMH brand Dior.
“It is with great excitement that I join Proenza Schouler, a brand at the heart of American fashion, and one I have long admired. I hold deep respect for the beauty and world Jack and Lazaro so brilliantly crafted, and I look forward to bringing my perspective in dialogue with their legacy. I am grateful to Shira for her trust, and I am honored to step into this role to envision the next chapter of Proenza Schouler,” Scott enthused.
Scott, a 41-year-old designer, was born in Jamaica and is often said to approach fashion via language – blending in elements of French existentialism and post-structuralism. In a 16-year career, she has worked in Milan, with a stint at Costume National, and in New York, where she founded Diotima in 2021. She has since gone on to win considerable critical acclaim and a certain cult status for her adventurous collections.
“When we left Proenza Schouler last January, we knew the story would go on, but not yet who would write the next chapter. Rachel is someone whose work we have always admired. Her trajectory over the last few years has been impressive to watch. As founders and board members of the company, we are proud to welcome her to this very special brand and excited to see how she will embrace and evolve the legacy and spirit of what we started,” said Hernandez and McCollough in the press release.
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