Status of Handloom Sector in India and Tamil Nadu State and Government Initiatives for its Promotion

Abstract

Aim: Handloom plays a vital role in the Indian economy, by creating ample opportunities of employment. The aim of the study is to study about the significance of the sector at national and state level and to make a detailed study about the initiatives taken by state and central government for the sustainable growth of handloom. Study Design: Secondary data was collected from various government websites and reports. The data was organised and analysed to fulfil the objective of the study. Methodology: Percentage analysis and Compound Annual Growth Rate (CAGR) was used to analyse the data. Results: Results revealed that handloom sector is growing at CAGR of 2.48 percent and the various initiatives taken by state and central government lead to sustainable growth of handloom sector by providing continuous employment to handloom weavers.