Advantages And Contributions Of Handicrafts In India

industry covers services and platforms with a vast variety of focal markets. The portion of the

Organized labor has lost many jobs to the practice of outsourcing. A large percentage of these jobs are the manufacturing positions that helped

The new Textile Policy of 2000 set the ball rolling for policy reforms in the textile sector, dealing with removal of raw material price distortions, cluster approach for powerlooms, pragmatic exit of idle mills, modernisation of outdated technology etc. The year 2000 was also marked by initiatives of setting up apparel parks; 2002 and 2003 saw a gradual reduction in excise duties for most types of fabrics while 2004 offered the CENVAT system on an optional basis. The Union Budget of 2005-2006 announced competitive progressive policies, whose salient features

Industry Growth………………………………………….10 Concentration………………………………………….….10 Differentiation and Switching costs……………………13 Scale Economies and Fixed/Variable Costs…………..13 Excess Capacity and Exit Barriers………………………14

Although the U.S performance in manufacturing is remarkable there are some challenges that are an issue for the sector and it could lead to a downshift to of the economy. According to the Bureau of Economic Analysis (BEA) it reports that the U.S produces about $1.80 trillion in revenue, this would make the U. S industrial sector the world 10th largest economy in terms of (GDP). Productivity has also been in a stable rise until 2011 but in the new type of market the U.S is trying to compete outdated forms of manufacturing procedure are unsuitable forms when it comes to implementing new technologies (Kathawala, Y., & Hilsheimer, G. (1991)). Consumers want variety and innovation without the cost and quality penalty. This type of change requires manufacturing to be cost effective and flexible to meet market demands

The industry seems to be less cyclical but the production will be low during recession and the sales of companies will grow rapidly during good economic times. As the industry consist of four companies and produces key components that cannot be replicated with technology; and needs skilled workers, buyers have to buy the products to continue the production. The companies with great sales can get financing at the interest rate of 8%.

Apart from food products, handmade jewellery, arts and crafts, and locally designed clothes are part of this amazing market.

The economy is fairly broad-broad based and dedicated mainly to supplying the needs of the large and rapidly increasing population. However, proximity to the United States also provides a large market for the export of manufactured

The economy as a whole has a general unemployment rate of 4.3% out of a labor force of 5.233 million. In 2013 the majority of the workers were in the state sector at 72.3%, and the rest in the non state sector at 27.7%. This is a change from 2011 when the majority of the workers were in services at 63.2%. The other two sections split between agriculture at 19.7%, and industry at 17.1%. The industrial market consist of sugar, petroleum, tobacco, construction steel, cement, agricultural machinery, pharmaceuticals, and nickel. The natural resources are cobalt, nickel, iron ore, copper, manganese, salt, timber, silica, petroleum, and arable land. The agricultural market consists of sugar, tobacco, citrus, coffee, rice,

We have to consider the industry sector, the stage of the industry life cycle and the

Bamboo is a highly renewable resource which manufacturers have begun utilising in a fascinating way. Older bamboo cane wood can be used as construction materials, decorations or even making musical instruments.

abroad in the metal degreasing operations, dry cleaning/textile industry and etc. (Kacew & Lee, 2013).

These days, the country’s manufacturing industry makes up for only 11% of GDP, sells 2% of the world’s manufacturing exports, and employs a mere 8% of the workforce. No longer

According to Kamaladevi (1975, p. 1) handicrafts are in close knit with human relationship. They are more ingenious than the language. In her words

|the industry and its challenges it is important to understand its various phases of growth so far. |