The global footwear industry is rapidly expanding and has a significant impact on the growth of the economy. Footwear stocks have emerged as an attractive investment option for investors globally. Footwear stocks refer to the publicly traded companies that are involved in designing, manufacturing, and selling footwear products. These companies are listed on stock exchanges, and investing in them can be a lucrative option for investors looking to diversify their portfolio.
India is one of the largest producers and consumers of footwear in the world. The Indian footwear market is expected to grow at a compound annual growth rate (CAGR) of 8.5% during 2021-2026. The rise in disposable income, increase in urbanization, and the growth of e-commerce platforms have led to the surge in demand for footwear products in India. This growth has opened up new opportunities for investors to invest in footwear stocks India.