BUSINESS MANIACS - Textile and Handloom


The Unemployment Rate is a Key Indicator of a Country's Economic Growth & Strength. If a Country has a high Unemployment rate it means its economy is not strong enough to provide people with Jobs and this leads to described in the Currency Value. 

Geo-Political Events can affect all other Markets. Fundamental Analysis is very useful for determining long-term trends within a Currency Pair. By focusing on long-term Economic factors that affect countries Fundamental analysis predicts long-term trends. At the Core of all Technical Analysis theory Support and Resistance can play a Vital role to Boost the Economy.  

“Creation has to go hand in hand with Social Services ”

The Handloom business in India has a tradition of magnificent and unparalleled craftsmanship. It has a diverse and rich textile culture of varied designs, manufactured in different ways and methods compared to other countries of the world. The textiles’ design in each region is developed based on its location, climate, and culture. The designs are often vibrant, and fabrics are frequently worked over with incredibly entangled embroidery. Indian handloom industry marks the richness and diversity of rich Indian culture. 

According to various businesses research reports shows that the handloom business in India occupies a distinct and unique place in India’s economy as it generated maximum employment and revenue for the Nation. Indian handloom industry is the largest sector in India after agriculture. It is majorly spread across the towns and villages. The handloom sector employs more than 4.3 million people. With India’s demographic dividend upon us, we recognize the handloom business in India as a valuable skill resource and its essential position in providing employment opportunities to women and suppressed class. We must acknowledge the strength of the handloom sector and handloom business in India, such as minimal use of capital and workforce, environment-friendly production processes, flexibility to discover and innovate, and its capability of being a huge growth driver for people to join India’s industrial workforce.

The industry has a robust infrastructure with about 2.41 million looms of different designs and construction, indicating significant production capacity. Indian handloom products are known for their unique designs and panache. The trend is to mix old models with modern techniques and create original products for sale.

Technical Survey shows that the export of handloom products from India was valued at US$ 343.69 million in FY19. In FY20 (till November 2019), the commodity stood at US$ 226.05 million. Nearly 15 percent of cloth production in India is from the handloom sector. Cloth production in 2019-20 (till January 2020) held at 63,348 square meters. Production of hand-woven fabric from India comprises 95 percent of the global output.

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