Analysis and Studies - Products analysis
Handicraft Industry - India
January 27th 2022
Intro to the industry
Indian handicrafts are renowned for their quality around the world. As a consequence, handicrafts account for a significant share of the country’s export and the whole sector represents a great creator of employment for the country. The whole industry is supported by regional clusters and houses that promote it to both the domestic and the global market.
As it happened also in other countries, however, this sector is one of the most damaged by the Covid-19 pandemic. The government, thus, has increased incentive rates for handicrafts export in order for artisans to better recover the input costs. Not only, a fund was released in late 2020 by the Ministry of Textiles to provide helps to craftsmen.
2020 export data and top export destinations
Indian exports handicrafts mostly to the US, the UK, the UAE, and the main European countries.