An Exploratory Study on Khadi Industry of India

Abstract

Globalisation, liberalisation and privatisation brought metamorphosis of the individual nations into an integrated entity by means of their interconnection between economic, social and cultural level, fuelled by easy transport and communication between them. It is the modern renaissance that makes ideas, goods, services, trade, technology and culture permeate into the entire geography of the world thus turning it into a global village. The Micro Small and Medium Enterprise (MSME) segment plays a significant role in the Indian and global economy. The domain comprising around 30 million units contributes significantly to national GDP (8%), creates employment of about 70 million, 40% of exports and provides bouquet of more than 6000 products. Out of those products Khadi is an important option not only for livelihoods but also for maintenance of traditional skills. The paper focuses upon the performance of Khadi sector of India. In the current market scenario the sector is facing many opportunities and challenges. The paper highlights the performance, strength, weaknesses, opportunities and challenges of Khadi sector, and the solution for such challenges.