Volume : III, Issue : X, October - 2013

Indian Gems and Jewellery Industry: Problems and Future Prospects

Naresh Kumar

Abstract :

The Indian gem and jewellery export industry had its modern beginning in the 1960s and after that the sector never looked back. Gems and jewellery exports accounted for 16.44 per cent of India’s total exports in 2009–2010. The industry provides employment to around 3.2 to 3.4 million people directly. The sector witnessed a CAGR of 16.59 per cent of India’s exports of gems and jewellery during the period 1990–91 to 2009–10. However, gems and jewellery sector is facing various problems such as dependence on imports, changing fashion, imbalance growth of products, manual way of crafting, various problems regarding labourers, financial problems, procedural hardships and unemployment etc. Even after these problems the future of Indian gems and jewellery industry is quite promising, as more and more buyers across the world are turning to India as for their referred source of the quality of gems and jewellery products.

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Naresh Kumar / Indian Gems and Jewellery Industry: Problems and Future Prospects / Indian Journal of Applied Research, Vol.3, Issue.10 October 2013

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