India's billion-dollar decline in leather exports worsens
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓India’s leather exports fell to $4.75 billion before dropping another 3% in the five months ending September 2026.
- ✓High shipping costs and infrastructure gaps continue to hurt the sector.
- ✓Syed Hamid from Crest Container Lines said, "It has a crippling effect on shippers," as many workers face ongoing financial pressure.
Story at a Glance
- Category
- Indian Markets
- Reported By
- cnbctv18
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
Surging shipping costs, domestic infrastructure bottlenecks, and rising artisan wages continue to batter India's leather exports despite recent government duty reliefs and policy support. Weakening global demand and cheap synthetic alternatives further compound pricing pressures for millions of workers. Find out what policymakers cad do to overhaul regional transport networks to revive the sector.
Despite a series of government efforts and the rupee becoming over 40% more competitive against the US dollar in the last decade, there seems to be no respite. Budget 2026 provided duty relief, more time to meet export obligations, and special outlays to support credit and investment in the leather sector, alongside other measures, but exports have continued to decline.
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