India leather exports slip 1.6% to $4.75B in FY26 as US tariffs, West Asia crisis bite
Leather, footwear and leather product exports dipped 1.6% YoY in dollar terms to $4.75B in FY26, though rupee earnings rose 2.62% to ₹41,902 crore. Leather garments bucked the trend at +23%. US tariff cut from 50% to 10% and India-EU/UK FTAs seen lifting FY27.
India's leather, footwear and leather products exports fell 1.6% to $4.75 billion in FY26 due to US tariffs and West Asia crisis disrupting shipping, though rupee terms rose 2.62%; India-EU and India-UK FTAs expected to boost FY27.