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Gem And Jewellery Industry

 
Gem And Jewellery Industry In India
The Gems and Jewellery sector plays a significant role in the Indian economy, contributing around 6-7 per cent of the country’s GDP. India is one of the largest exporters of gems and jewellery and the industry is considered to play a vital role in the Indian economy as it contributes a major chunk to the total foreign reserves of the country.

One of the fastest growing sectors, it is extremely export oriented and labour intensive. Based on its potential for growth and value addition, the Government of India has declared the Gems and Jewellery sector as a focus area for export promotion.

Exports

In 2016-17, the sector recorded a positive growth of 10.86%, occupying a share of 15.75% in India’s overall exports, with an export value worth US$ 43.55 billion.

Pearl, Precious and Semi Precious Stones stood as the topmost export commodity from this sector with an export value of US$ 25.02 billion.

Gem and Jewellery Export Promotion Council

The Gem and Jewellery Export Promotion Council (GJEPC) undertakes direct promotional activities, including joint participation in international jewellery shows, sending and hosting trade delegations, and sustained image building exercises.

Source: India Brand Equity Foundation


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