Leather is among the top ten foreign exchange earners for the Indian economy. The leather industry in India is based on the abundance of locally available raw materials and skilled manpower. India accounts for 21% of world cattle and 11% of world population of goat and sheep. Indian tanneries produce about 2 billion sq.ft. of leather per annum. The industry employs 2.5 million people.
Of them 30% are in the leather products sector. More than 50% of the total turnover of $7.5 billion is from exports. Exports in 2010-11 were worth $3.84 billion. The balance is from sales in the local domestic market.
India is the second largest producer of footwear and leather garments in the world. According to an ITC data, India accounted for about 3% in the global leather import trade of $ 115.58 billion.