India fireworks exports stay below $1 million
In short
India’s fireworks industry is estimated at ₹7,000 crore, but exports are still below $1 million. The report says that is only 0.042% of the global export market.
What the reporting says
The report says that is just 0.042% of the global export market.
Why it matters
India’s fireworks industry is described as worth about ₹7,000 crore, while exports are reported at below $1 million and 0.042% of the global market. The story highlights a large domestic industry with limited international sales. The immediate significance is to manufacturers and exporters in the sector.