#gems_and_jewelry_market

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Gems and Jewelry Market - IBEF India

According to a research report, India gems and jewellery Growth Opportunities for Medium Sized Companies - Market Size and Forecast by 2022. The size of India's jewellery industry stood at US$ 78.50 billion in FY 2021. In comparison, total exports from the gems & jewelry sector are expected to grow at a CAGR of 5.2%. Jewellery manufacturers in India manufacture various types of jewelry such as artificial, gold, silver, and diamonds, which are in great demand by the Indian people. If you want to know more, India Brand Equity Foundation provides you with all the information.

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Growth of Gems and Jewellery Manufacturers in India:-

The jewellery industry has significantly contributed to India’s growth story over the past few years. As of February 2021, India's gold and diamond trade contributed ~7.5% to India's gross domestic product (GDP) and 14% of India's total merchandise exports. The gems and jewelry market expected to employ around 8.23 ​​million people by 2022, up from ~5 million in 2020. Based on its possibility for growth and value acquisition, the government declared the gems industry as a focus area for export promotion. For more info, you can visit India Brand Equity Foundation website.