India's handicrafts exports jumped to 2.7 billion US Dollars in the 2011-12 fiscal, despite slowdown in major importing markets like the US and Europe. In 2010-11, the exports stood at USD 2.3 billion dollars. The growth in the last fiscal was mainly driven by growing demand in new markets like China and Latin America. Executive Director Export Promotion Council for Handicrafts Mr. Rakesh Kumar said in New Delhi that the council expects exports to touch 300 billion US Dollars.Moradabad, Jaipur, Saharanpur, Jodhpur and Narsapur are the major handicraft hubs catering to world markets, employing one million people.