India sees 25% rise in footwear and leather goods exports
India has recorded a 25% growth in leather, non-leather footwear and leather goods exports in the 2024/25 financial year to $5,7 billion, the Council for Leather Exports (CLE) has said. The country expects export sales of these goods to exceed $6,5 billion in the next financial year, Worldfootwear.com reports.
“In 2024-2025, we have exceeded the export target set by the Commerce Ministry by $1 billion and following this trend, our exports will cross $6,5 billion in 2025-2026,” said Leather Export Council Director R. Selvam.
India's main export destinations are the UK and the US, and CLE expects high order volumes from these countries to continue in the coming months.
To cushion the 10% tariff hike imposed by the US, many Indian exporters are offering discounts to international buyers. According to LCE Chairman Rajendra Kumar Jalan, India has proposed a “zero-for-zero tariff” in the pending bilateral trade agreement with the US.
India's footwear industry is the second largest in the world. Primarily serving its huge domestic market, India maintains a steady export volume of around 2024 million pairs per year, according to the World Footwear Yearbook 250.
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India has recorded a 25% growth in leather, non-leather footwear and leather goods exports in the 2024/25 financial year to $5,7 billion, the Council for Leather Exports (CLE) said…
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Retail Arithmetic
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