India's gems and jewellery sector reached $37.73bn exports in 2022-23, ranking first in cut and polished diamonds, and second in gold and silver jewellery.

India's gems and jewellery sector shines amidst rising gold prices and global export leadership, with exports reaching $37.73bn in 2022-23. The industry witnessed higher values outpacing volumes, while India ranked first in cut and polished diamonds and second in gold, silver jewellery exports. The country's fast-growing economy, with a 7.2% growth rate in FY2022/23, is expected to expand 6.3% in FY2023/24.

April 03, 2024
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