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Environmental regulatory measures and their economic impact on the Indian leather industry
Author(s) -
Sharma V K
Publication year - 1995
Publication title -
natural resources forum
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.646
H-Index - 49
eISSN - 1477-8947
pISSN - 0165-0203
DOI - 10.1111/j.1477-8947.1995.tb00603.x
Subject(s) - business , foreign exchange , sustainability , environmental impact assessment , economic impact analysis , natural resource economics , international trade , agricultural economics , commerce , economics , ecology , monetary economics , biology , microeconomics
The leather industry plays a significant role as a foreign exchange earning sector in India. Because of easy availability of raw materials and cheap traditional labour in the country, leather and its products produced in India are priced very affordably. Emerging environmental issues at the local and international levels may have an impact on the economic sustainability of the industry, however. These issues could substantially affect the price of leather and its products in domestic and global markets, and could also result in a reduction in India's ambitious export targets. The linkages between environment and trade are discussed in this article. An attempt has been made to assess the economic impact of major environmental issues on the Indian leather industry .