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GST rate changes for textiles promise cheaper apparel and export push
Economy
Published on 24 April 2026
Reversal of inverted duties could reshape garment pricing
The government has announced GST rate rationalisation for textiles to remove distortions and strengthen exports, targeting a $350 billion industry by 2030. The move cuts GST on garments and fibres, aiming to make apparel more affordable while fixing the inverted duty structure that previously hurt manufacturers and encouraged distortions in supply chains.
- GST rationalisation targets distortions in textiles
- Cuts on garments and fibres aim to lower effective costs
- Reworks the inverted duty structure affecting manufacturers
- Policy is linked to an export and growth push toward 2030
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times