“A Comparative Analysis of Export from handicraft and Handloom Sector of Jammu and Kashmir”

Abstract

The state of Jammu and Kashmir is predominantly an agriculture economy unlike some other states in the country and is one of the most under-developed States of India. Handicraft and handloom sectors are the important sector of Jammu and Kashmir as they have very vast potential for economic activities like revenue and provide the huge employment not only in rural areas but also in urban areas. The present study is an attempt to examine the growth in production and export of handicraft and handloom sectors in the state of Jammu and Kashmir employing time series data from 1995-96 to 2014-15 and to compare the exports from both the sectors, collected from various official sources. The statistical techniques used in this study are Average, Growth Rate, Standard Deviation, Coefficient of variation, Compound Annual Growth Rate and compared t-test. It is found from the study that the average export of handicraft sector is worth ₹ 766.66 crores per year and in handloom sector of Jammu and Kashmir the average export of handloom sector is worth ₹ 326.65 crore with the standard deviation of 478.93 and 211.17 respectively and the mean difference between the export of the two sectors is 440.01, hence from the above table it can be concluded that export of handicraft sector is more than the export of handloom sector in Jammu and Kashmir