New Delhi, Oct. 25 -- India's leather and leather goods exports are likely to decline by 7-8 percent in value terms during the current financial year (FY26) due to the impact of steep US tariffs, according to the Indian Leather Products Association (ILPA).

Despite the setback, the industry remains optimistic that robust domestic demand and growing exports to alternative markets such as Australia, the UK, and the UAE will help offset losses from the US market.

"In the current financial year, export value may decline 7-8 percent due to the impact of US tariffs," said ILPA President Arjun Kulkarni on Friday in Kolkata. "But this fall will be balanced by the increasing demand in the domestic market and other overseas destinations," he added...