Current Affairs - Economy - Discussion

India suspended the 11% cotton import duty until September 30, 2025, as a relief measure for its garment and textile industry. This sector, which employs millions, has been under pressure from high input costs and growing competition from countries like China, Bangladesh, and Vietnam. The duty suspension reduces raw material costs, giving exporters breathing space to remain competitive in global markets. Additionally, the move benefits U.S. cotton growers by expanding their market access in India. It also serves as a diplomatic gesture to ease trade tensions with the U.S., while reinforcing India’s role in the global textile supply chain.