When it comes to investment, there are a plethora of options to choose from. However, one segment that is often overlooked is the footwear industry. Foowear stocks have emerged as a value for money investment option, especially in India. The footwear industry in India has witnessed a considerable growth in recent years, owing to the increasing demand for branded and high-quality footwear. This has resulted in a surge in the revenue of footwear companies, making it an attractive investment option for investors.

One of the primary reasons why investing in footwear stocks is a smart move is the consistent growth of the industry. The footwear market in India is expected to grow at a CAGR of 8.5% during the forecast period 2021-2026. This growth is attributed to factors such as rising disposable income levels, a growing population, and a shift towards branded footwear.