Economic Trends in the Indian Handmade Paper Industry

Abstract

The Handmade paper industry has been an integral part of the Indian economy for centuries. This paper analyses the impact of the Handmade Paper industry, critically examining its contribution to employment, exports, and GDP on the Indian economy. The study discusses the eco-friendly nature of Handmade Paper and also briefs about the various products that can be made from it. Combining both primary as well as secondary data sources, the findings reveal that the Handmade Paper industry provides substantial employment to individuals of diverse skill levels and contributes significantly to India's exports as well as GDP. The study also delves into the challenges faced by the handmade paper industry, such as the high cost of raw materials, lack of access to credit, etc. The study highlights the importance of government policies to support the industry and suggests recommendations for expanding the handmade paper industry in India. Furthermore, this paper emphasizes the historical trajectory of the Industry over the past few decades.