Has Jewellery Business’ Fortunes have turned around… find out:
The gems and jewellery industry is a sparkling, traditional and glamorous industry. It is one of the fastest-growing sectors in the Indian economy. It is highly export oriented and labour intensive, thus contributing greatly to the exchequer in terms of foreign exchange, and to employment.
Based on its potential for growth and value addition, the Government declared gems and jewellery sector as a focus area for export promotion. The Government has also undertaken various measures recently to promote investment and upgrade technology and skills to promote ‘Brand India’ in the international market.
“Gems and Jewellery sector, contributing around 7% to country’s GDP and 15% to India’s total merchandise export. It employs over 4.64 million people, which is expected to reach 8.23 million by 2022”
And it is because of this tremendous growth that we bring to you a look in to what the jewellery business is, its business model and the challenges faced by Gems and Jewels Industry.