Learn about the textile, leather and jewellery industry in India
The Indian leather industry accounts for around 12.93% of the world’s leather production of hides/skins. The country ranks 2nd in the world in terms of footwear and leather garments production and accounts for 9% of the world’s footwear production. India’s leather industry has undergone a drastic transformation from being a mere raw material supplier to be a value-added product exporter. Total leather and leather good exports from India stood at US$ 4.72 billion during April 2016-January 2017.
Per capita footwear consumption in India is expected to increase up to four pairs, while domestic footwear consumption is expected to reach up to five billion pairs by 2020. At 48.82 per cent, footwear (leather and non-leather) and footwear components accounted for the lion’s share of leather exports in April 2016-January 2017.
The Indian Gems and Jewellery sector is one of the largest in the world, contributing around 29 per cent to the global jewellery consumption. The sector contributes 6-7% to the country’s GDP. Net gems and jewellery exports from India stood at US$ 35.54 billion in April 2016-March 2017 (year-on-year growth of 9.09 per cent).
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