The Export Promotion Council for Handicrafts (EPCH) is responsible for promotion of Indian handicrafts. O. P. Prahladka, Chairman, EPCH spoke to BE’s Ellora De regarding export related issues.
Q. Which countries are the major importers of Indian handicrafts?
A. United States of America and the European Union import around two-thirds of India’s handicraft exports. The US presently enjoys around 35% of our handicraft exports and is followed by UK that imports 7%, Germany imports 5%, Netherlands and France both import around 3%. Among the Asian countries, UAE imports around 10% of our handicrafts exports. Australia imports around 2%, Canada around 1.5% and Japan 1%.
Q. How much revenue does our economy earn annually from handicraft export?
A. For FY 2017-18, the export figure for Indian handicrafts was ₹ 23029.36 crore ($ 3573.49 million).
Q. What has been the impact of GST on handicraft export?
A. During the initial stages of GST implementation, some difficulties were faced by handicraft exporters. But things have settled down now. Compliance has also been simplified. Recently on July 21, 2018, the GST Council has reduced GST rates on a number of handicrafts items. This will also improve things in the handicraft sector.
هذه القصة مأخوذة من طبعة August 1 - 15, 2018 من BUSINESS ECONOMICS.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة August 1 - 15, 2018 من BUSINESS ECONOMICS.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Bank of Baroda, Kolkata Zone organised Mega Kisan Melas in West Bengal
Bank of Baroda (BOB) organised Mega Kisan Mela at Konkalitala in Birbhum District of West Bengal on November 18, 2024 as a part of the 7th Edition of the Baroda Kisan Pakhwada (BKP).
Time-Bound Disposal of Cases to Expedite the Delivery of Justice and affordabe by all in India
The delay in the disposal of cases in Indian courts remains a significant hurdle to the nation's progress.
Dev Deepawali: A grand celebration of light, spirituality, and culture in Varanasi
The holy city of Varanasi, often regarded as India's spiritual and cultural heart, came alive with the splendor of Dev Deepawali on the sacred day of Kartik Purnima.
The life of Job 'Ye judge not the judgment of God' - Jesus Christ
The Holy Bible reveals through the life of Job how the Lord tests the righteous and that faith helps one to overcome life's adversities.
India has the highest potential for the garment industry, only a conducive government policy is required.
India's textile industry is poised for remarkable growth, with expectations to double its contribution to the GDP within the next six to seven years.
Global Public Debt may be worse than it appears, warns IMF
Global Public Debt Set to Exceed $100 Trillion, Warns IMF
The economic consequences of Trump's Presidency: A global perspective
One of the key economic factors contributing to the Democrats' loss in the US elections was the significant rise in inflation, which was initially triggered by the COVID-19 pandemic and exacerbated by the Russia-Ukraine war.
Challenges and Successes in West Bengal's Education Sector: A Comprehensive Overview
The education system in West Bengal, particularly in districts, villages, slums, and government institutions, reflects a blend of progress and ongoing challenges.
What India can expect from Trump's return
I may be too early to predict how Donald Trump's second term as president will impact the global oil market.
Stocks Surge Following Donald Trump's Election as 47th President of the USA
Stocks soared following the election of Donald Trump as the 47th President of the United States. Investors anticipated that the Information Technology (IT) sector would benefit from lower corporate taxes under the Republican regime, with IT stocks leading the rally.
