India's leather exports slip 1.6% to $4.75 bn in FY26 as US tariffs, West Asia crisis bite
Dollar-denominated leather, footwear and goods exports fell to $4.75 bn in FY26, though rupee receipts rose 2.62% to ₹41,902 cr. Leather garments bucked the trend with 23% growth. US reciprocal tariffs eased from 50% to 10% ad valorem on Feb 24, 2026; EU and UK FTAs seen lifting FY27.
India's leather, footwear and goods exports fell 1.6% in dollar terms to $4.75 billion in FY26, hit by US tariffs and West Asia disruptions. Rupee exports rose 2.62%. India-EU and India-UK FTAs expected to boost FY27.
Why this matters
FY26 marks a setback for India's leather sector after tariff shocks and Middle East disruptions, though garment segment strength and tariff easing in Feb 2026 signal a potential FY27 rebound via EU/UK FTAs.
Retail-company theme steady with 711 signals in 90d, reflecting consistent sector activity.