Comments
The country’s gems and jewellery exports contracted by 4.65 per cent to about $25 billion during April-December this fiscal owing to demand slowdown in major markets, including the US.
According to the Gems and Jewellery Export Promotion Council (GJEPC) data, exports stood at $26.1 billion in the same period last year. The labour-intensive sector contributes about 14 per cent to the country’s overall export.
The drop in shipments is mainly due to contraction in the export of gold jewellery and gold medallions and coins. The industry has asked for support in terms of increasing incentives under the Merchandise Exports from India Scheme (MEIS) to boost the shipments.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.