Every decade needs its own brand of handicrafts. - Liberty Hyde Bailey
The latest news in the market Indian handicrafts is the recent revelation, industry and handicraft stands at $ 100 billion industry worldwide and India has 1.2% of the market this field. Rubbing salt into the wound is the fact that China, Indonesia and Vietnam is the country's largest exporter of handicrafts, globally.
Although industry crafts India is showing signs of improvement (the first half of the current fiscal year was $ 1.07 billion, about 24 percent up from the $ 864 million achieved in the first half of last year), the real problem is - it is still 3 miles away from the coveted top spot. Dayanidhi Maran Textiles Union Minister announced that his Ministry will be a top priority to put together schemes and other initiatives to promote marketing of handicraft products and brocade. The Ministry has set a target of exporting $ 2.2 billion, dedicated to arts and crafts segment
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