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

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Textiles | On 30th Mar 2017

Lok Sabha approves 4 supplementary GST legislations

The Lok Sabha has approved four supplementary Goods and Services Tax...

Courtesy: ShopKeep

Information Technology | On 30th Mar 2017

Shopkeep partners with software provider BigCommerce

ShopKeep, the cloud-based technology solution that transforms an iPad ...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search