Wednesday, July 21, 2010

Trends in Handicrafts Industry


Handlooms and Handicrafts Sector craved for growth since quite a few years, which has now actually turned prolific. No doubt, India has an edge against its competitors like China, Philippines, Thailand, Taiwan and Korea who generally produce machine-made products. Indian handmade products have a niche market all over the world creating a distinct impact through exclusive designs, workmanship, finesse, colors and raw material etc. The sector shows a not so significant growth in the 2009-10 fiscal but grows substantially in the first half of the 2010-11 fiscal. Keeping in view the trend, the sector is expected to show phenomenal results by the end of 2011.

Result Fetching Units

The swiftly rising growth in handicraft exports came about after a two-year collapse, from the second half of the last financial year, and the upward trend continues till date. Although there has been an increase in all product categories, however the increase fashion accessories has been commendable. Fashion product section comprise of costume jewellery, hand-printed textiles and scarves, embroidered and crocheted garments, bags and purses, zari supplies, footwear, shawls, belts, chappals, and stoles etc. The average growth of the Fashion accessories section has been around 32% in the first three months of the current fiscal year....

Read more on latest and emerging trends in handicrafts industry at Fibre2fashion

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