India lifts cotton duties, stocks rally

  Published 7 months ago

India removed cotton import duties for 42 days, boosting textile shares amid US tariff concerns.

  • Vardhman Textiles jumped 9.33% to ₹447.50; Arvind, Raymond, and Kitex also rose significantly this week alone.
  • Finance Ministry scrapped 11% raw cotton duty; customs removed basic duty and AIDC until September.
  • Trump hinted at possible secondary tariffs on India for Russian oil, increasing market uncertainty overall.

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