Author: Esahaque Eswaramangalam

India now holds the top position in global population rankings. As of mid-2023, India’s population is estimated at 1,428,627,663, making up 17.76% of the world’s total population. This makes India the most populous country, with a density of 481 people per square kilometer (1,244 per square mile), according to Worldometer’s elaboration of United Nations data. The immense population creates vast potential for various businesses, with the fast fashion sector standing out. Driven by millennials and Gen Z, this market for affordable, trendy items priced between $5 and $30 is particularly promising. Fast Fashion Boom in India The Indian fast fashion…

The rapid expansion of the perfume industry is evident in our everyday lives. Fragrances have permeated various aspects of our routines and surroundings, from personal grooming and home fragrances to unexpected uses like cleaning products. This demonstrates the industry’s remarkable growth and innovation. In 2023, the global perfume market was worth $48.05 billion and is expected to reach $50.45 billion in 2024. Various studies suggest that by 2032, it will grow at a CAGR of 5.51% to reach $77.52 billion. This article delves into the key drivers behind this surge, including the burgeoning trend of personalized perfumes. Emerging Trends Clean…

The textile industry is grappling with a myriad of challenges in an increasingly competitive global landscape. From workers facing mounting mental stress and anxiety due to rapid technological advancements to the looming hurdles posed by automation, artificial intelligence, and stricter environmental regulations, the industry is at a pivotal crossroads. Yes, the years 2025 to 2030 promise to be a transformative period for the textile and apparel industry, rife with significant challenges. This article delves into the most critical obstacles that the industry must navigate to thrive in this evolving landscape. Environmental Concerns: Climate Change Regulations: Governments worldwide are enacting stricter…

The Global fashion industry, worth trillions globally, is undergoing pivotal transformations. From the rise of direct-to-consumer brands to the growing demand for inclusivity and diversity, this article offers a comprehensive overview of the transformative forces at play in the fashion world. Whether you’re a seasoned professional or a budding fashion enthusiast, this is your gateway to understanding the dynamic and complex issues that are redefining the industry and its impact on society. Key Trends Reshaping Fashion Sustainability at the Forefront: Today’s consumers demand transparency and responsibility from brands, prompting a shift toward sustainable and ethical practices. This includes using eco-friendly…

Dubai: The year 2023 wrapped up with a sense of accomplishment and cautious optimism in the UAE stock markets. Both the Dubai and Abu Dhabi exchanges ended on a positive note, reflecting the resilience of the UAE’s financial landscape amidst global challenges. Steady Climb The Dubai Financial Market (DFM) closed its final trading day with modest gains. Key players like the toll road operator Salik and Emirates NDB Bank, one of the nation’s largest lenders, ended the year on a high, symbolizing the market’s overall health. The DFM’s performance was underpinned by notable growth in the real estate and banking…

The persistent Israel-Hamas conflict in the Gaza Strip is heightening anxiety regarding its plausible repercussions on global commerce. The region, pivotal for goods and energy transit, faces the risk of disrupted supply chains and escalating prices due to prolonged hostilities. A paramount concern looming is the possible surge in oil prices. As the Middle East houses some of the globe’s preeminent oil producers and exporters, the conflict threatens to disrupt this crucial supply, potentially catapulting oil prices. Such a scenario would inadvertently fuel global inflation, hindering economic expansion. There’s apprehension about the conflict affecting crucial shipping passages, notably the Suez…

Escalating environmental concerns have put the gold mining sector under severe scrutiny, urging a significant paradigm shift. A recent study from the University of Oxford highlights ‘Gold Mining Threatens,’ advocating for a drastic cut, or a halt, in gold extraction. The paper, published in Environmental Research Letters, posits that the existing gold circulation adequately meets technological and trade demands. The researchers underscore that the global gold industry’s carbon footprint amounts to 0.3% of global emissions, overshadowing the emissions from all intra-European aviation. Additionally, small-scale gold mining contributes to 38% of global mercury emissions from human activities, primarily in the global…

For decades, China stood as the world’s unmatched manufacturing giant in terms of trade. However, recent shifts in China’s trade and export dynamics suggest an alteration in this narrative. A troubling decline of 14.5% in exports for July, aggregating to $281.8 billion, marks the continuation of a downward trend observed over three consecutive months post-COVID. Furthermore, with Mexico and Canada emerging as top trading partners with the United States, there’s a clear signal: American corporations are transitioning their supply chains closer to home. This strategic move is backed by official Chinese data, which reported a daunting 80% slump in foreign…

The latest figures from the textile trade sector predict a brighter future for Bangladesh, with export growth exceeding 15% in the first month of the fiscal year itself. It is said that this is increasing every month. The surge is due to the interest of countries, including the US, in buying more from Bangladesh while cutting imports from China. World Trade Organisation (WTO) report goes on to highlight Bangladesh’s strong standing within the worldwide clothing market. With $45 billion exports in 2022, the nation’s share of the global clothing market soared to 7.9% last year, a substantial rise from a…

India, the largest purchasing partner in the global market, is set to implement ‘India’s New Electronics Import Restrictions,’ a strategic shift to reduce its dependence on foreign imports. These new market strategies by India aimed at increasing domestic production will make China more defensive. The impact becomes apparent when considering that 77% of computer imports into India are from China. Imports are also significant from other regions, with 10.7% coming from Singapore and 8% from Hong Kong. Although India also has computer manufacturing and export, it is worth only 50 million dollars. Laptops, tablets, all-in-one personal computers, ultra-small form factor…