Shoe Industry in India – An Outlook

As its name indicates, Footwear is typically a product designed to protect human feet from feet of all biological damages. Emerges long time ago, footwear industry has witnessed various strategic changes into different segments such as casual wears, dress-wears, and sportswear. Besides these segments, other segments are medical and industrial sectors. Over the past few years, shoes industry in India has grown a lot both in terms of applications and overall industrial output. The emergence of various brands has changed the face of Shoe Industry in India.

There are various growth drivers for the shoe industry in India such as population growth, exports, and domestic markets etc. According to Micro, Small & Medium Enterprises, Government of India estimates that there are 20463 units registered as working enterprises, with employment of 97,741 people, with the networth of Rs. 3993.99 crores in micro, small & medium enterprises in India. These units are having Rs.737.17 crores in Plant and Machinery investment and Rs.2324, 94 crores in fixed assets and Gross output of Rs.6008.77 crores.

As far as employment opportunities are concerned, footwear industry gives employment to a large section of youth in India. Employment opportunities creation is very important to any nation like India. Footwear industry is giving more employment opportunities since the people are spending more on footwear and its quality. More opportunities in exports and domestic markets due to population growth and increase in per capita consumption and purchasing power of middle class people are giving hope to India in footwear sector for future employment creation in India.