Write a short note on leather industry in India. Write answer in 25 to 30 words.
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Leather is one of the most widely traded commodities globally. The growth in demand for leather is driven by the fashion industry, especially footwear. Apart from this, furniture and interior design industries, as well as the automotive industry also demand leather. The leather industry has a place of prominence in the Indian economy due to substantial export earnings and growth.
The Indian leather industry accounts for around 12.93 per cent of the world’s leather production of hides/skins.
The Indian leather industry accounts for around 12.93 per cent of the world’s leather production of hides/skins.
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In the old days, India used to export the raw leather but now a days India exports only finished products of leather to the other countries. The leather industry is one of the seven industries which brings foreign exchanges.
The processes of exporting become easy just due to liberalized economic policies of government. At the present time, USA and Europe are planning to import leather and leather products form India.
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