Today Indian Handicrafts is going to touch the cross mark of 24000 crore INR as per according to the ASSOCHAM study. In addition to this, India is giving a hardcore tough competition to China in terms of handicraft product categories like - glass mirrors, tables and kitchen glasswares, wooden articles, paintings, pottery, leather products etc.
There is an indication that many Indian handicraft products are totally accepted in China as well in the other countries like - USA, UK and many other europe countries like - Germany, France, Italy etc. Both countries are dependent on the supply of the many handicraft categories products. There are many reasons for the growth of handicraft products like -
cheap labour rate
high production efficiency
efficient power supply initiatives
Low price competition
Proper enough quantity of natural resources
USA and UK are the two significant markets for Chinese and Indian handicraft products. The Indian and Chinese handicraft products are going to have more than 50% of their export from these 2 countries only. In last 5 to 6 years, there has been the significant growth of Indian Handicraft products selling. The important point is this that it is happening not because of the degrading quality of Chinese products but because of the economic trends.
There is also a fact associated with this that the Indian Handicraft products are still handmade and chinese handicraft products are still replaced by the Machinery goods. So, these products can not be considered as the pure handicraft products and they are still not comparable with the Indian Handicrafts.
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