Exports of Gems And Jewellery during the period 2010-2020 and to focus on its growth by 2025 with special emphasis on diamond

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Hemant Kumar Tantia, Dr. Vani Kamath

Abstract

Growth in exports is the one of the prime objectives for economic development of our country. The exports of gems and jewellery has a very important place in our economy. Presently, exports of gems and jewellery from India is in the range of USD 36 to 43 billion per annum during last 5 years 2015-2020, which in the range of 12 to 17 percent in terms of value of total merchandise exports from India. Diamond is the chief constituent of exports which contributes 52% to 60% of total gems and jewellery exports. Although India is doing well in gems and jewellery exports, there is ample scope of its growth. Keeping in view of all the favorable factors, India has set a target of US$ 75 billion in jewellery export by 2024-25.Hence, it become very essential for the manufacturers, traders, bankers and other stakeholders to work together in tandem to achieve this target. The role of the government is also very significant. This research paper attempts to study India’s present position in international trade of gems and jewellery and provides suggestions to achieve this daunting target. During this research, primary and secondary data have been collected for the analysis. The findings of the study would be very useful to increase the growth of exports.

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