A retired French couple's social media posts detailing their financial success and criticizing younger generations for lacking effort have gone viral, sparking widespread debate and outrage.
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India's textile manufacturing contracted 3.6% year-on-year in March while apparel production plunged 14.6%, hit by rising input costs and logistics disruptions from the Iran war. Cotton yarn prices rose 20%, polymers 50%, paper 10% and dyes/chemicals 40%. The conflict is impacting shipments through higher freight and war-risk insurance costs, increasing landed costs and tightening working capital. The sector contributes 2.3% to GDP and 13% to industrial production.
