India’s leather exports are taking a big hit after the US slapped a 50% tariff, shaking up the ₹50,000 crore sector.
Exporters are now looking for Russia and Africa as backup markets while Commerce Minister Piyush Goyal gears up for trade talks. But shifting styles, shoe sizes, and buyer tastes won’t be easy. Meanwhile, CLE leaders say India must boost local demand to reduce dependency.
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US tariffs may impact 90% of the leather exports.
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Exporters are under pressure to cut prices by 20-25%.
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Delegations planned for Russia & African nations.
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Domestic push: per capita use to rise from 1.8 to 2 pairs.
👉 Why this matters: Millions in India’s labor-heavy leather sector face job risks if new markets don’t click.
🔗 Read More: India Today
🔍 Curated by Articoli News
🖋️ Written and summarized by our editorial team using AI assistance and human review.
📚 Sources: Market insights on the internet and other verified media platforms.
✅ We credit all sources and focus on accurate, simplified, and growth-driven news only.
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👤 Edited & Approved by Debraj Paul, Founder of Articoli News.
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