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India is the country of rich and diverse tradition colors,
fragrance, and languages which inherited the story of Indian
handicrafts from old civilization. The vast culture and ethnic
diversity has enabled a variety of motives techniques and crafts
to flourish on this land. The economic importance of the
handicraft sector lies in their high demand in domestic and
overseas market.
If we look at he handicraft industry of India it stands at
approx 100 billion and Industry has approx 12% of this market. The
major markets for Indian handicrafts are US, Canada, Europe,
and The West Asian Countries among which the US is a major market.
It Employs approximately 5 million artisans. This sector is the
major source of rural employment and earns substantial foreign
exchange. The growth rate of the Indian handicraft sector is
approx 8.5%. Handicraft over the last few years has drifted from
shelf decorative to daily useable category to conclude the
handicraft sector is rich is hand crafted goods and is costly
adapting itself to the changing trend in the handicrafts sector
across the globe. To catch up with this changing trend the
exporters have to be constantly be on their toes and come out with
new innovative ideas that works is export market.
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