India’s leather and footwear exports rose by around 25% in FY25

India’s leather and footwear export industry saw a robust growth of nearly 25% in the financial year 2024–25, reaching a total export value of $5.7 billion. This surge surpassed expectations and demonstrated the sector’s resilience amid global economic uncertainties. According to the Council for Leather Exports (CLE), this upward momentum is likely to continue in the upcoming fiscal year, with projections indicating that exports could cross $6.5 billion in 2025–26.

R Selvam, Executive Director of CLE, stated that the industry has outperformed the export target set by the Department of Commerce by over $1 billion. This significant achievement, he noted, is a strong indicator of the sector’s potential for sustained growth. Despite challenges in international trade, including shifting policies and tariffs, the leather and footwear industry has maintained steady performance.

Major export destinations such as the United States and the United Kingdom have shown particularly strong demand. These markets continue to drive India’s export volumes, offering opportunities for further expansion. In response to increased tariffs in some regions, many Indian exporters are strategically offering discounts to maintain their buyer base. This proactive approach has helped preserve the competitiveness of Indian products in the international market.

Rajendra Kumar Jalan, Chairman of the CLE, mentioned that business conditions from April 2024 to early 2025 have remained stable. He emphasized that the council is actively engaging with the Indian government to ensure favorable footwear export conditions. One of the key proposals from the council is “zero for zero” duty structure under the upcoming bilateral trade agreement. This initiative aims to eliminate tariffs on leather products from both countries, encouraging smoother trade and greater market access.

The CLE’s positive outlook is supported by healthy interest from both developed and emerging economies, suggesting a broad and diversified demand base. This not only strengthens the industry’s current performance but also lays the foundation for long-term growth and stability.