Post COVID-19: Opportunities in Indian Footwear and Leather Industry with reference to MSME Stimulus and Special Role of Council for Leather Exports

Abstract

The whole world is facing major crises in all aspects of life: social, economical, and above all, health, due to the Novel coronavirus (COVID-19). India is also suffering from these social-economical crises. To deal with the Indian economical crises, the Government of India (GOI) announced 20 lakh crore stimulus package for different sectors, and being an important economic growth engine, MSME received fifty thousand crore as funds. Indian footwear and leather industry is recognized as the pioneer to the economy booster and job creations from last two decades, and is thus an important part of the MSME sector.