India's Textile 'Surgical Strike' on Bangladesh from Delhi, Not Border

• Union Budget 2026-27 introduces policies to boost India's textile industry, aiming for global competitiveness against countries like Bangladesh.
• Key pillars of the policy include self-reliance, employment generation, innovation, and global competitiveness, with a focus on rural development and export promotion.
• Bangladesh currently leads India in garment exports, benefiting from zero duty in Europe due to its LDC status, but India's new FTA with the EU could change this dynamic.
• Major announcements include mega textile parks, the Mahatma Gandhi Gram Swaraj Initiative for Khadi and handicrafts, and promoting India as a hub for sports goods.
• Five new schemes, including a National Fiber Scheme and Samarth 2.0, are introduced to strengthen the textile value chain, aiming for $100 billion in exports by 2030.

Why It Matters: India's new budget policies aim to transform its textile industry, directly challenging Bangladesh's export dominance.