According to a pre-budget economic survey (2006-07) in India, although the country’s industrial sector posted impressive growth of 10.6% in the first nine months of 2006-07 (April-November), growth in the leather and leather and fur products sectors declined by 3.7%.

The sector recorded growth of 6.7% in 2004-05 and negative growth of 4.8% in 2005-06, although exports continued to rise, reaching $1,625 million in the period April to October 2006 from $1,560 million in the corresponding period a year earlier.