New Delhi, Oct. 7 -- NITI Aayog released the fourth edition of the Trade Watch Quarterly for the January-March quarter (Q4) of FY 2024-25, offering an in-depth assessment of India's trade performance, evolving global demand trends, and opportunities for export diversification.

The report also highlights that India's leather and footwear sector employs 4.4 million people and plays a significant role in exports.

While India maintains competitiveness in processed leather and niche apparel, its share in the USD 296 billion global market remains modest at 1.8 percent.

With global demand shifting toward non-leather and sustainable products, the report identifies the need to strengthen MSMEs, enhance R&D investments, and align production with...