Indian Handicraft exports grew by 11 per cent in April 2012

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The exports of Indian Handicraft increased by 11 per cent, from US$ 204 million in April 2011 to US$ 227 million in April 2012, according to data provided by the Export Promotion Council for Handicrafts (EPCH). The growth in exports is mainly on account of rising demand from new markets like China, Latin America and West Asia.


The maximum growth in exports in April 2012 was registered for woodwares - a rise of 50 per cent, followed by imitation jewellery at 39 per cent, shawls and artwares at 31 per cent and miscellaneous items at 12 per cent.

 

The major handicraft hubs in India - Moradabad, Jaipur, Saharanpur, Jodhpur and Narsapur - catering to world markets employ about one million people.


During 2011-12, the handicraft exports touched $2.75 billion and the EPCH expects these exports to touch US$ 3.2 billion in 2012-13.


“There is an increase in demand from new markets such as China, West Asia and Latin America,” said Mr Rakesh Kumar, Executive Director, EPCH.


The US and Europe together account for over 60 per cent of the country’s total handicraft exports, even though demand is still to gain its momentum back, on account of the sluggish economy growth.


The above mentioned data shows that the demand of the Indian handicraft goods is being increasing at a good pace overseas which will boost its industry in India.

 

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