India’s handicraft exports size has shrunk in FY 2022-23 with a Y-o-Y decline of 20%. This de-growth is attributed to both international and domestic factors. IBT examines various reasons behind the dip in demand for handmade items and shrinking export size, and possible interventions to revive the sector’s fortunes. Photo...
• In 2017-18, India was the second largest exporter of handloom products in the world. However, COVID-19 has dramatically altered the situation of the Indian handloom industry – gripping the sector in its firm clutches. • This is due to several demand and supply side constraints such as cancellation of...
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