India Today

On a slippery slope

While demonetisation and cow vigilantism have hurt the leather economy, Chinese synthetic rubber has hit domestic rubber production and environmental issues weigh down plastics


This sector provides employment to over 1 million people directly and indirectly with massive untapped potential. However, sales have been sliding-from a growth of 12.8 per cent in 2011-12, sales recorded 2.67 per cent growth in 2017-18. Its prospects are further marred by environmental concerns and lack of technology innovation.

RUBBER The rubber industry employs about two million people and nearly 90 per cent

You're reading a preview, sign up to read more.

Related Interests

More from India Today

India Today3 min readPolitics
An Ode to Anti-imperialism | Books
The relentless debate around Brexit in the UK is entangled with the never-ending narrative of the British empire. The sun never sets on the empire, so believe those in favour of Britain's exit from the European Union. The powerful historical link bet
India Today3 min readPolitics
From the Editor-in-Chief
Almost eight months ago, Prime Minister Narendra Modi returned to power with an emphatic win in the Lok Sabha election. He became the first prime minister since Indira Gandhi to register back-to-back majorities in two consecutive elections. As the Au
India Today3 min read
The BJP’s Social Network
There was a time when a government scheme could be launched simply by handing over a giant cheque to a grateful-looking recipient. Prime Minister Narendra Modi changed all that. In 2016, for example, when he launched the Ujjwala Yojana in eastern Utt