Handicrafts Exports Shoots Up; Exporters Hope The Trend Continues

The Indian Handicrafts exporters have finally something to cheer about

. The export figures for handicrafts in August this year have shown a rise of 22 percent to USD 369 million as compared to USD 303 million in August last year. The rise is attributed to Christmas orders from US and European markets.

The US and EU together account for 70 per cent of the country's handicraft exports and with Christmas and New Year approaching, Indian Handicrafts exporters will see more profits and export orders for their products in the days to come.

Indian handicrafts exporters have already generated half the target of $2,200 million during the first two quarters of this financial year. It marks 13.6 per cent growth when compared to handicraft export revenues of Rs 8,718.94 crore in the year 2009-10.

According to the provisional data available the exports of Handicrafts have shown an increase of 21.71% in dollar terms, during April-August 2010-2011, over the similar period in 2009-2010. The exports of art metal wares, wood wares, hand printed textiles & scarves, embroidered goods, zari & zari goods, imitation jewelry and misc. handicrafts have also shown an increasing trend.

The Handicrafts sector was hit hard by global recession; there was 30 percent decline in handicraft export orders for India in the last three years. The sector turned positive in September 2009, registering a growth of over 165 percent. Indian Handicrafts exporters are now hopeful that the positive trend will continue in the coming months also.

Moradabad, Saharanpur, Jaipur and Jodhpur are the major handicraft hubs in India, catering to global markets. The sector employs about 1 million people.

Handicrafts Exports Shoots Up; Exporters Hope The Trend Continues

By: Export Industry Analyst

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