Related Keywords: adversely affected handloom exports, Economic slowdown in the US and the EU, fabric woven by hand, fast changing consumer preferences, Handloom export of India, Handloom Export Promotion Council, high production costs, lack of modernization, market dynamics, plunge by 30 percent, this fiscal year, total handloom export are hit majorly
The handloom export of India was worth Rs2,240 crore a year ago which has come down to Rs1,500 crore in the fiscal 2015-16, states the annual report of the textile ministry. This is just 65% of the target fixed by the ministry.
