Key facts about India’s handicraft Industry

Key Facts Of Indian Handicrafts Industry

  • India’s rich cultural diversity and heritage provides a unique and huge resource for developing craft products.
  • The Indian Handicraft Industry is showing continuous growth rate of 20% every year.
  • Handicrafts industry is one of the important segment of the decentralized sector in India.
  • Major parts of the industry operates in rural and semi-urban areas throughout the country and has potential Indian and International market with around 67000 exporters to tap the market.
  • According to the national census of handicrafts, undertaken by the National Council for Applied Economic Research the value of handicrafts produced last year were of Rs.26,213 Crore.
  • This Industry provides huge employment opportunities to artisans that include women and people belonging to backward and weaker society. This is one of the major source of income there.
  • The Indian Handicraft Industry is a $100 billion industry worldwide.
  • India’s contribution in the world market is 1.2%
  • The total exports of crafts items: – Rs. 13412.92 Crore.
  • Industry’s share in India’s exports:- 1.51 %

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