The government of India closed the country last year to avoid the Kovid-19 outbreak, ending many countries in the world. This plan was largely successful, but it paralyzed India’s economy in the process.
Now India is facing its own disastrous Kovid-19 crisis, and Prime Minister Narendra Modi is reluctant to put his economy through another round of turmoil.
The Indian economy may have collapsed again.
It is starting to play in the leather industry of India.
India is a major global exporter of leather and leather goods. According to the Indian Council for Leather Exports (a division of the Department of Commerce and Industry of India), the country is the second largest exporter of leather garments and the fourth largest exporter of leather goods in the world. It is also a major producer of footwear after China, producing about 3 billion pairs of shoes annually.
Last year, the epidemic gave a severe blow to India’s leather industry. Leather exports decreased by 29.1% over the previous year, as the industry lost nearly $ 1.4 billion in exports. Because according to Council for Leather Exports chairman Akeel Panaruna, shopkeepers in the United States, the European Union and the United Kingdom kept shopping off during their lockout.
An industry expert, who did not want to be identified and is also infected with coronovirus, said leather producers suffered losses from the cumulative knock-off of a shutdown last year. He worries that a second wave of deterioration may re-establish the industry.
The biggest reason for that concern is the mobility of the industry’s workforce.
CLE Vice Chairman Sanjay Lekha said, “The majority of the workforce is between 18 and 45 years of age and has not been vaccinated yet.”
Read full news below: