Riding high on Prime Minister Narendra Modi’s appeal, the Khadi and Village Industries Commission (KVIC) has announced that its turnover for 2019-20 reached Rs 88,887 crore, “which no FMCG company can match”. The five-year regime of PM Modi has seen an exponential growth in the production and sale of Khadi apparel and village industry products like Ayurvedic medicines, cosmetics, beverages and food ingredients have grown by more than 100%. As per the official data, the production of Khadi has more than doubled in the last five years, i.e. since 2015-16, while the sale of khadi has gone up by nearly three times during the same period.
Looking at the performance in the last one year, the turnover of Khadi registered a growth of 31% from Rs 3,215.13 crore in 2018-19, to Rs 4,211.26 crore in 2019-20. The turnover of village industries products reached to Rs 84,675.39 crore in 2019-20, registering a growth of over 19% from the previous year, i.e. 2018- 19, which was at Rs 71,077 crore. The total Khadi and village industries turnover in the year 2019-20, has reached whopping Rs 88,887 crore, which no FMCG company can match. Khadi’s unprecedented growth during the Modi era can also be gauged by the fact that Khadi production since 2015-16, has grown at the average of 19.45% per annum which was merely 6.25% during the previous government from 2004 to 2014.
