Noting the trend of premiumisation, the report said that an emphasis on premiumization would push the premium footwear market share from 47 per cent in FY2021 to 49 per cent by FY2025. Additionally, the consumer price index is expected to increase the prices of footwear, which in turn will lead to the growth of the footwear industry. In the last 3 years, India has seen an average CPI of 5.5 per cent, the report read.