Rupee reduction
28/03/2008
Indian leather exports in the first seven months of this financial year showed growth of 9.4%. The total value of leather sector exports for the period (April-October 2007) stood at US$ 1.9 billion against the previous year’s performance of $1.7 billion. However, as expected in the local currency, the rupee, the value of exports fell by 2.9%.
The major markets for Indian leather products are Germany with a share of 14%, Italy 13.5%, UK 12.2%, US 9.5%, Hong Kong 7.6%, Spain 5.75%, France 5.4%, the Netherlands 3.7%, UAE 2% and Australia 1.4%. These 10 countries together account for 75% of India’s total leather exports.
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