Exports of leather and leather goods from India have been on a declining trend since 2014-15. Global demand for leather imports has shrunk, and it has been difficult to obtain raw materials.
In 2014-15, India had exported leather and leather goods worth $6,494 million. Since then exports have followed a negative trend. Exports have now dropped to $5,691 million, falling by 0.85 per cent over the previous year. Since 2014-15, export value has fallen by 12 per cent. Finished leather exports have almost halved.
Exports have shrunk, in spite of the various incentives which the government has been offering to the sector.
