Global weaknesses are lowering India’s GJ exports!
India’s January Gem & Jewellery exports cross US$ 2237 mn “Even after the several attempts and efforts of GJEPC & Union Government to hike up the Gem & Jewellery (GJ) exports of India and to attain a higher target, the global economic weakness, inflations, geopolitical uncertainties and poor demand are the factors that pull down the India’s GJ exports! Additionally, rocketing gold price has changed the buyer’s attitude from jewellery buying to gold investment trend,” said; Nayan Jani, Editor-GJ Town India amid discussion with media player. The overall gross exports of India’s Gems & Jewellery total at US$ 2237.14 million (mn) (Rs.19302.280 crores) in the month of January 2025 is showing a decline of 7.01% (-3.47% in Rs. term) as compared to US$ 2405.78 million (Rs. 19995.66 crores) for the same period previous year. On the other hand, overall; India’s gross imports of Gems & Jewellery registered at US$ 1421.61 million (...