According to data released by the Indian Ministry of Finance, India received Foreign Direct Investment (FDI) of $24.2 billion between April-Dec 2011-12, compared to $16.039 billion in the corresponding period of the previous year.

The Indian Economic Survey 2011-12 shows that the share of the leather sector stood at $5.6 million in 2011-12 (April-Dec) compared to $400,000 in 2010-11 (April-Dec) – reflecting a growth of 1360.5%. However, the Foreign Direct Investment in the leather sector stood at $9.3 million for 2010-11.

The Economic Survey also observed that for leathergoods including footwear, the rate of growth stood at 4.9% in April-Dec 2011 compared to 6.8% in the corresponding period a year ago.

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