Home / Knowledge / News / Textiles / Exports of handlooms & handicraft plummet sharply in December
Exports of handlooms & handicraft plummet sharply in December
03
Feb '09
The overall export performance from the country has shown an encouraging trend in December 2008, but shipments of handlooms and handicrafts have fallen by a staggering 64 percent. Though a negative growth was registered in the overall export basket in the month of December, the sharp fall of the two preceding months has been arrested.

The export value of all sectors from the country stood at US $12.7 billion, to register a negative growth rate of a meager 1.1 percent. The decline in exports rates in the months of October and November 2008 stood much higher at 12.1 and 9.9 percent respectively.

The sector which was the worst to be affected was the handlooms and handicrafts industry which saw shipments plunging by an awesome 64 percent. Exports of textiles also witnessed a slide, by recording a negative growth rate of 13 percent corresponding to December 2007.

The gems and jewellery industry as well as the chemicals industry also saw exports plummet by as much as 21 percent compared to the same period of 2007. The sectors which contributed to the arrest of the fall in exports in December were the pharmaceuticals, engineering goods and agricultural sectors. Exports from these sectors rose by an average 19-25 percent.

As of end of December 2008, the collective value of all exports in the current fiscal (2008-09) beginning April touched $131.99 billion against $112.73 billion registered in the same period of the previous fiscal. The export targets for the fiscal have been set at $200 billion which seems improbable even if the situation improves in the last quarter of the current fiscal year.

Fibre2fashion News Desk - India


Must ReadView All

India much behind China in containerised cargo capacity

Textiles | On 18th Dec 2017

India much behind China in containerised cargo capacity

India’s total containerised cargo capacity of 8.75 million...

Vietnam’s textile & garment exports cross $26 bn till Nov

Textiles | On 18th Dec 2017

Vietnam’s textile & garment exports cross $26 bn till Nov

Vietnam earned $26.844 billion from textile and garment exports in...

Rotex Fabrics grows production with Bruckner stenters

Textiles | On 18th Dec 2017

Rotex Fabrics grows production with Bruckner stenters

The South African company, Rotex Fabrics, which is a knitter, dyer,...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.1%
No
13.8%
Skip
18.1%

Total Votes: 94

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.8%
No
29.8%
Skip
7.4%

Total Votes: 94

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
9.6%
Skip
3.2%

Total Votes: 94

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.9%
No
8.5%
Skip
9.6%

Total Votes: 94


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search