'Leather industry counting on robust domestic market to offset US tariff hit'

KOLKATA: India’s leather and leather goods exporters are staring at a 7-8 per cent fall in shipments in the 2025-26 fiscal, owing to the impact of steep US tariffs, officials said on Friday.

- OUR CORRESPONDENT

‘The industry, however, has showed resilience, banking on a fast-growing domestic market to cushion the blow and stabilise the overall turnover, they said.

While exports are projected to decline, industry leaders are hopeful that robust growth in the domestic market will help offset losses, and could even lead to an overall gain in 2026-27, the Indian Leather Products Association (ILPA) said.