Home / Knowledge / News / Textiles / Handicraft exports biggest victim of global recession
Handicraft exports biggest victim of global recession
Apr '09
In 2008-09, India's handicraft export has fallen to US$ 1.79 billion. Ongoing recession in the US and many of the European economies has hit India's handicraft exports very hard, which halved it as compared to the last year.

Country's handicraft export for the year 2007-08 was US$ 3.48 billion. The Export Promotion Council for Handicrafts (EPCH) is taking efforts to decrease country's dependence on western market.

In this regard, EPCH is chalking out a plan to explore new markets in Latin America, China, Brazil and Middle East and hopes to recover in value the amount of handicraft exports as done in the year 2007-08.

Demand for Indian handicrafts like art metalware, woodware, hand printed textiles and scarves, zari goods and imitation jewellery is experiencing a large decline in the US and European markets.

Over 65 percent of the Indian handicrafts are exported to the markets of the US and the European Union and provide jobs to nearly 1 million people. The US and European shops have started buying Indian handicraft products again, expecting a revival in consumer buying say, experts.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Angelina Francesca Cheang

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Deepak Jain

We are using Facebook and Instagram to promote ourselves

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Robert Brunner

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

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


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
June 2017

June 2017

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


Browse Our Archives


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