India revised wastage norms for gold and silver jewellery exports on May 27.

India revised wastage and input-output norms for gold and silver jewellery exports on May 27. The Directorate General of Foreign Trade (DGFT) eased the wastage norms, reducing it from 2.5% to 0.5% for plain gold and platinum jewellery, and from 5% to 0.75% for studded jewellery. However, the industry is disappointed with the decision, as they were not consulted beforehand.