10-12% share in country’s total merchandise export
One of the leading sectors in terms of employment generation providing employment to approx. 5 million skilled and semi-skilled workforce.
One of largest exporter of other segments of industry such as gold jewellery, silver jewellery, coloured gemstones and synthetic stones
Has been one of the worst-hit sectors in India during the Covid-19 pandemic and its exports saw a record decline of (-) 98% in April 2020 due to the complete lockdown situation in the country.
Policy that helped the industry bounce back
Revamped Gold Monetisation Scheme
Reduction in import duty of gold, hallmarking, etc.
Various virtual trade events like virtual Buyer Seller Meets, virtual IIJS, virtual International Gems & Jewellery Show (e-IGJS), India Global Connect, Webinars etc.
