The handicraft sector is an important segment of the Indian economy and generates sizeable employment as well.
The rural economy holds noteworthy significance in Indian economy and the handicraft sector accounts for an important share of the country’s export market. The total handicraft industry spans different regions and involves thousands of artisans. According to industry sources, there are more than 60,000 export houses dealing with handicrafts in India. Almost all Indian states have their own set of signature handicrafts that reflect the cultural and traditional ethos of that state. However, the sector has its set of problems as well. Low availability of technical support is a significant drawback though some advancement has been made and efforts are on to bridge the gap between demand and supply.
Ashok Majhi, a Dokra artist from Bardhaman, West Bengal, told BE, “The condition is not very bad right now since the government is actually promoting our work through different emporiums and ensuring better exposure of our work.”
Total export of handicrafts from India grew by 11.07% to reach $3.66 billion in FY 2016-17. During the FY 201718, the handicraft market raised an approximate amount of $3,555 million and shawls, textiles, and scarves performed well. Agarbatis and attars ranged at around $149.82 million and embroidered and crocheted goods were valued at around $506.17 million. Handicrafts and textiles are exported to different countries like the US, the UK, the UAE, and Germany among others and the Export Promotion Council for Handicrafts (EPCH) is the government body operating under the Ministry of Textiles, Government of India, which is responsible for promotion of the handicraft sector.
Geographically Specific Handicrafts
Handicrafts are handmade crafts or art which cannot be produced mechanically. Considering India’s diversity, every region has something specific to showcase from every nook and corner. Let us look into what different regions of India have to offer:
This story is from the August 1 - 15, 2018 edition of BUSINESS ECONOMICS.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the August 1 - 15, 2018 edition of BUSINESS ECONOMICS.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Deposit shortage: challenges facing India's banking ecosystem
In any macroeconomic framework, the household sector plays a critical role as a driver consumption, savings, and overall economic activity.
India's future dreams in Semiconductors & AI
A midst the gloom of the RG Kar affair or the Tirupati laddu scam or even the continued terrorist attacks in Jammu & Kashmir, even after the completion of the first general election in the state, we find hope and encouragement when the founder of Nvidia, Jensen Huang, in his recent visit to India says \"India will be a gigantic opportunity for us\".
The Ramayana: Justice and Modern Man
Consisting of Twenty-Four Thousand worthy Sanskrit verses, the Ramayana is one such epic, which provides a pathway to one committed to justice to establish himself as an ideal human being by following the exemplary life of its hero.
Vallabhbhai Patel: A Sardar of Farmers, A Matchless Social Reformer and the Maker of United India
Sardar Vallabhbhai Patel was instrumental in unifying the princely states to form the Union of India.
Understanding Prosperity: NOBEL Prize awarded for groundbreaking research on institutions and economic development
The Royal Swedish Academy of Sciences has awarded the Memory of Alfred Nobel to three US-based economistsDaron Acemoglu, Simon Johnson, and James A. Robinson\"for their studies on how institutions are formed and affect prosperity.\"
Sinking Resources: Groundwater crisis and sustainable solutions in Kolkata
Kolkata's underground water crisis is becoming a serious issue, driven by rapid urbanization and the construction of high-rise buildings.
Tourism Industry positively impacted by the festive season
Diwali transforms streets into a spectacle of festive lights, Diwali transforms streets into olis, and families gearing up for grand celebrations.
RBI's Shift to a Neutral Stance: Signaling a New Phase in Monetary Policy
For over a year, the Reserve Bank of India (RBI) has taken a firm stance against inflation, raising interest rates by 250 basis points between May 2022 and February 2023 in response to post-pandemic price pressures.
UK Budget
There _ he latest UK budget represents a departure from previous fiscal documents.
Han Kang's Historic Nobel Prize Win
The 2024 Nobel Prize in Literature has been awarded to T South Korean writer Han Kang, 53, known for her works including The Vegetarian, The White Book, Human Acts, and Greek Lessons.
