Firecracker Industry of India

The 80 billion-rupee firecracker industry of India is the second-largest in the world after China. Last year, it witnessed a 30% drop, owing to unseasonal rains, slowdown-induced cash crunch and Supreme court’s order to celebrate a Green Diwali, in Delhi particularly.

Sivakasi located in the Virudhnagar district of Tamil Nadu houses over 1320 factories with licenses to sell firecrackers. It accounts for 80% of the country’s firework production, with 30% of its demand coming from Delhi.

With air pollution being a major concern in several Indian cities, Sivakasi has been feeling the heat for quite some years now. But the pandemic that triggered a strict lockdown and barred public celebrations has added on to the problems with current losses worth ₹100 crore. The Sivakasi manufacturers were looking forward to Diwali to get some relief. However, states from Delhi to Karnataka have banned firecrackers, therefore the demand in the ongoing festive season looks as bleak.

The only ray of hope for the firecracker industry is the campaign against Chinese products that were previously smuggled via Bangladesh. Therefore, with people becoming self-aware it might bring back some sparkle in the lives of those who work in Sivakasi.

Contributor: Team Leveraged Growth

June 3, 2022
Monthly Snapshot – May 2022
Click here to download the report When it comes to instant noodles which is the first brand that comes...
May 12, 2022
Campus Activewear Limited
Click here to download the report Campus Activewear: Athleisure Super-Giant in the making? Overview Campus Active Ltd. (NSE: CAMPUS)...
April 30, 2022
Monthly Snapshot – April 2022
Click here to download the report When we think or hear of e-commerce websites, the first few names that...
April 2, 2022
Monthly Snapshot – March 2022
Click here to download the report The fact is that life is all about risks. You will never achieve...
March 2, 2022
Monthly Snapshot – February 2022
Click here to download the report The motive behind Russia’s invasion of Ukraine remains a mystery as of now....
February 1, 2022
Monthly Snapshot – January 2022
Click here to download the report As you wait for the Union Budget to be unveiled at 4 p.m.,...
January 11, 2022
The Paradigm Shift in Personal Finance post Pandemic
Introduction to Personal Finance Personal finance is the management of your money through saving and investing. It is concerned...
January 2, 2022
Monthly Snapshot – December 2021
Click here to download the report 2021 was undeniably the best year for Indian startups and the equity market,...
December 25, 2021
Aviation Sector
Industry Insights: The aviation industry has contributed significantly to global economic growth. The global aviation industry is expected to...
December 2, 2021
Monthly Snapshot – November 2021
Click here to download the report After months of farmer protests, Prime Minister Sri Narendra Modi has scrapped the...