India’s footwear exports improved significantly in the first four months of this fiscal year (April-July 2007) in US$ terms.

Footwear component exports recorded the highest growth, improving 39.56% year-on-year to reach $96.51 million, up from $69.15 million in the same period last of 2006. The non-leather footwear sector also posted a significant increase, up 23.07% to $18.8 million from $15.28 million while leather footwear exports improved 18.93% to $336.17 million from $282.68 million.

However, despite these gains in US$-terms the sector has been hit by the sharp appreciation of the rupee in recent months.

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