Question

What are india's competitive advantages and disadvantages in this sector?

Answer 1

In which sector? Pls clarify the question more..will answer it

Answer 2

Handicrafts and jewelry export is very important for India’s export since they help in contributing to the revenue of the country.

Advantages:

• Sustained demand for the products in the export market.

• India is a major producer of a large variety of handicrafts and jewellery.

• Price advantage due to low labour costs.

• India has imported more of rough diamonds and expanded its production base.

Disadvantages:

• Stiff competition in certain handicrafts from the developed countries.

• Internal obstruction hinders the growth of exports of handicrafts from India.

• International markets in gems and jewellery are large and growing.

• Stiff competition in international markets for certain gems and jewellery.

Explanation:

Even though India has formed its base and place in the international markets there is stiff competition from the other developed countries. They are selling machine-made substitutes in the International markets through mechanized machines for handicrafts. India has a price advantage in regard to the low cost of labour in the country.