New Delhi, May 14 -- India's export of leather and leather products, including sports goods, witnessed a significant decline of nearly 10 per cent in the fiscal year 2023-24 (FY24), dropping from USD 4.75 billion in the previous fiscal to USD 4.28 billion.

The primary reason for this downturn was attributed to poor demand from major markets like the United States and Europe, reported businessline.

Tamil Nadu, the largest exporter of leather products in India, was hit the hardest by this slump.

The state's export of leather products plummeted by 18 per cent, from USD 2.04 billion in FY23 to USD 1.66 billion in FY24, according to data from the Central Government.

Consequently, Tamil Nadu's contribution to the total leather exports of In...