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Slowing down econmy is showing its impact on India's job market particularly in handicraft.It is one the most foreign exchange earning sector of India and second largest job provider after agriculter.The tragedy is that most of these workers are low wege earner dont have savings to carry on, and wait for the revival.Mist of them will return to villages and involve in agriculture and a chain reaction will begin in whole of the economy.
With the US and European markets facing severe slowdown, India's handicraft exports have been hit hard resulting in job losses for overfive lakh workers, industry officials said. "The initial industrial estimates of handicraft exports show a decline of 30% in the April-October period this fiscal," an Export Promotional Council for Handicraft (EPCH) official said. Over one million people are employed in the most affected handicraft clusters of Moradabad, Jaipur, Saharanpur, Jodhpur and Narsapur (Andhra Pradesh).
"40% exporters have closed down their factories and 50% people in the four most affected clusters have lost their jobs," All India Handicraft Board vice chairman Sudhir Tyagi said. Art metal wares, laces, wooden and wrought iron handicrafts, embroidered and crocheted goods had huge buyers in the US, the UK, Germany, Japan and Middle Eastern nations. According to EPCH data, handicraft export in April-September this year declined by 22.10% to $1.04 billion, against $1.34 billion in the same period last year.
"Export orders have almost frozen," Tyagi said adding, "December, especially the Christmas season, is very crucial for buyers abroad, the sale during the festival will decide on further export orders." Last week, commerce secretary G K Pillai had said, five lakh people would lose jobs in the textile sector in the next five months. Moradabad (Uttar Pradesh) is a major exporting hub of art metal wares and imitation jewellery, while Saharanpur and Jodhpur are known for wooden, wrought iron and sea shell handicrafts.
These products command big markets in US, Germany, the UK, Italy and Saudi Arabia. Lace and lace goods, which go to the US, the UK, Germany and Canada, are crafted in the Narsapur cluster in Andhra Pradesh.
Most RecentMost Recommended Comments (3)
at 22:43 on November 30th, 2008
Not a good place or this to happen
at 01:07 on December 1st, 2008
Please check your Source.
The original source is PTI.
Amit please be careful when you quote the source.
at 03:55 on December 1st, 2008
sorry for that., it is automatic process, i didnt typed any thing as source, TOI didnt mentioned the link.