India has a huge fireworks industry, then why does it export so little?
Business Standard · Vrinda Goel ·
India's fireworks industry is worth an estimated ₹7,000 crore, yet exports remain below $1 million, or just 0.042 per cent of the global export market
India's fireworks industry is worth an estimated ₹7,000 crore, yet exports remain below $1 million, or just 0.042 per cent of the global export market
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In most Indian households, Diwali is synonymous with firecrackers. Despite the growing environmental consciousness and legal scrutiny around the resulting pollution, the domestic demand for firecrackers remains strong during the festival. But despite being an estimated ₹7,000 crore industry, Indian fireworks find little space in the global trade.
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