Indian leather exports were registering an appreciable growth of more than 15% in Dollar terms during the first seven months of 2014-15, but, eventually ended with a moderate growth of 9.37% during the fiscal 2014-15, primarily due to the Euro Zone crisis, says Council for Leather Exports
By Sai Nikesh D
A decline in value of Euro followed by the crisis in Euro Zone is likely to have negative effect on India’s exports to European region, which accounts for around 18%-19% of India’s total exports.
The exports from key areas like Leather and Gems & Jewellery, which hold a major contribution in India’s total exports to the region were said to have witnessed a negative effect in the initial months of the current fiscal due to the Euro Zone crisis.
This article was published in The Dollar Business on July 14, 2015