| The recession or the economic melt in India has | | | | to the foreign country as well. Indian handicrafts |
| delivered a hard blow at the face of the face of the | | | | sector has always been tremendously labor intensive |
| India economy. The recession virus had a | | | | and highly decentralized, which gave the sector a |
| tremendously adverse impact towards the Indian | | | | more powerful blow during the economic slow down. |
| economy that had influenced the move of certain | | | | Export of decorative stones is of no exception. |
| sectors, and international business. Especially the | | | | Luckily the recession had to stay for just a very |
| import and export sector had stumbled upon a bad | | | | short spell of time, which allowed the market to get |
| zone. The money market had worsened to a great | | | | revived within a very little amount of time. |
| extent, thereby influencing the banking sector, where | | | | Continuous developments, hard work, technological |
| tons of professionals had been chucked off. Import | | | | implementation and strategic business plans have all |
| and Export trade had received similar kind of blow | | | | merge together to give the Indian export sector a |
| with the global recession soaring high. | | | | good position once again after the recession was |
| India is a world famous pocket for its wide range of | | | | over. The share of India's stone and decorative item |
| decorative stones - starting from the natural stone | | | | export is really huge and contributes largely to India's |
| and sand stone to high quality marbles and granite, | | | | GDP with exports. |
| which are the essential component for home | | | | Prior to the recession the condition of the |
| decoration, although the major export products for | | | | international business in India was good with |
| fashionable homes of Indian and abroad origin and | | | | commendable growth rate each year. Against the |
| chiefly for home with occidental decorative plans. | | | | backdrop of India out passing US$ 50-billion-mark in |
| Being one of the leading stone exporters with origin | | | | merchandise exports in the fiscal year 2002-03, the |
| at India for many years now, we do have a great | | | | federal government of India had announced a fresh |
| deal of experience in handling foreign customers, by | | | | Export & Import (EXIM) Policy 2003. The condition |
| which we could easily analyze the fall in demand for | | | | has become even better after the recession, with |
| the decorative stones not only in India, but also | | | | the rise in good amount of foreign deals from the |
| through out the world. One of the major and wide | | | | neighboring countries of India. The exporter of |
| spread wings of export in India have been the | | | | decorative natural stone slabs and handicraft items |
| handicraft products. Huge volumes of handicraft | | | | have been enjoying even better than what was |
| products, besides decorative stone slabs have been a | | | | there during the past. India is keener to give a boost |
| major pillar in the field of India export. The global | | | | to the export sectors related natural stones and |
| slow down during the first decade of the millennium | | | | handicraft items. |
| proved to be the hardest hit to the handicraft trades | | | | |