Cow-related violence hits India’s beef and leather exports hard, affects foreign currency reserves: Report
The report, which analyses data from the commerce and industry ministry from 2010-11 to 2017-18, stated that this has affected the country’s foreign currency reserves,
According to an article on IndiaSpend, India is the world’s largest exporter of buffalo meat, which accounts for up to $4 billion a year. But this export has drastically declined since 2014.
"In 2014-15, India registered $4.78 billion worth of buffalo beef exports--the highest since 2010--although growth declined by 26.05 percentage points from 35.93% in 2013-14 to 9.88% in 2014-15. Thereafter, the quantum of exports has hovered around $4 billion, declining 3.93% in 2016-17 and growing by a smaller 3.06% in 2017-18.”
The report observed that policies of Yogi Adityanath-led BJP state government in the country’s top meat producing state—Uttar Pradesh—have led to “further uncertainties over the future of the trade.”
India also accounts for 13% of the world’s leather. “While export of leather and leather products grew by more than 18% in 2013-14 and 9% in 2014-15, growth declined by nearly 20 percentage points to -9.86% in 2015-16. It grew again but at a much smaller rate of 1.4% in 2017-18," said the IndiaSpend article.
Between 2010 and 2018, India reported 123 attacks of cow-related hate violence—98% of which were after PM Modi’s BJP government took power at the Centre, according to FactChecker.in. The Human Rights Watch report relies on this database, along with a few others.
The victims of such violence were Muslims (56%) and Dalits (10%), while Hindus comprised of 9% of the victims. Muslims also account for 78% of those killed in such attacks.