December witnesses 7.7% hike in handicrafts exports

02 Feb '10

1 min read

A hike has been recorded in India's handicraft exports for the fourth consecutive month, yielding $241.41 million. As compared to last year's figures, an increase of 7.7 percent was noted in the exports in December, this year.

Though, during initial nine months (April-October) of this financial year, there was decline of 11.95 percent in exports and it dropped to $1.15 billion, as against $1.3 billion during corresponding period in 2008-09.

Though, positive growth was reported in December, it was based on low base of 2008, and was rather sluggish, when compared to the growth figures of previous three months that is September, October and November.

Handicrafts Export Promotion Council's Executive Director, Mr. Rakesh Kumar, while revealing the figures for December held that, though the export progress has decelerated in December, it is anticipated that the positive tendency will persist as they have had satisfactory sales coupled with trade inquiries from fairs organized by the Council in diverse countries like Germany, France and Italy.

Also, Christmas and New Year's seasonal orders induced the growth during these months.

Fibre2fashion News Desk - India

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