Export of Sandstone from India to Global Countries :-An Empirical Study of Economic Aspect

Abstract

India is a major exporter of natural stone, which is the second largest foreign exchange earner for India besides iron ore in minerals category. The EOU scheme, which was introduced in 1980, helped the industry to modernize as it opened a window to usher in latest technologies for stone processing. India has immense potential for growth of exports in this sector. The purpose of this research paper is an attempt to study the trend of export of natural stones from India to various countries on the basis of its past export performances to these countries. The sandstone is a hard and resistant rock hence a great variety of products are prepared and demanded by users worldwide. The sandstone of India is in good demand from various countries due to its quality and the artwork of our artisans. The county produces great variety of products and are used in Monuments, and buildings etc. The International Market demand of sandstone is growing continuously observed from in this study. The quantity of export of sandstone from India and revenue collection is consistently increasing.  The stone companies export 90% of the stone production and have a strong experience of the global business environment.