The once bustling roadside stores selling indigenous toys now wear a desolate look as they are unable to compete with the changing market dynamics. The dust has settled in many of the famed wooden rocking horses that once enticed customers from a distance.
Despite positive developments such as increased consumer awareness and a geographical indication certification, challenges remain for many artisans.
This story is from the April 24, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the April 24, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Deposit rates have peaked: Khara
State Bank of India (SBI) Chairman Dinesh Kumar Khara said that deposit rates have peaked and will move southward in the medium term.
'Enhance fiscal capacity of gram panchayats, increase devolution'
A recent World Bank working paper has called for granting greater authority to panchayats while strengthening local fiscal capacity to offset what it identified as \"recentralisation\" resulting from the widespread adoption of online payment systems, MIS-based beneficiary selection, and digital beneficiary tracking.
Global oil demand set to peak by 2029, warns IEA
Says India, China to be major demand drivers
VOCAL FOR GLOBAL
How an Indian audio entertainment startup is building a global business
Sobering projections
Macroeconomic impact of climate change will be big
Changing terms of trade
India must aim to boost export share
EU to hit Chinese EV cars with tariffs of up to 38%
Duties will be levied around July 4
Israel, Hamas both committed war crimes: UN probe
A UN inquiry found on Wednesday that both Israel and Hamas had committed war crimes in the early stages of the war in Gaza, and that Israel's actions also constituted crimes against humanity because of the immense civilian losses.
Pakistan hikes FY25 defence budget by 15%
Pakistan on Wednesday announced a nearly 15 per cent hike in its defence spending and allocated ₹2,122 billion in the 2024-25 budget, marking a significant increase from last year amidst strenuous efforts to secure a fresh loan from the IMF to meet the cash-strapped nation's external liabilities.
US inflation broadly encouraging cools in sign for Fed officials
A key measure of underlying US inflation stepped down for a second month in May, a pleasant surprise for Federal Reserve officials looking for signs that they can start to lower interest rates.