The jewellery sector in India has long been a vital part of the country's economy, with a rich cultural and historical significance. However, in recent years, the sector has faced several challenges, including a decline in consumer demand and a decrease in exports. Despite these challenges, the year 2023 holds promise for India's jewellery sector for several reasons.
First, the Indian government has announced plans to reduce import duties on gold, which is expected to boost consumer demand. Gold is a significant component of the jewellery sector, and a reduction in import duties will make gold jewellery more affordable for consumers, thereby increasing demand.
Denne historien er fra February 2023-utgaven av Business Of Fashion.
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Denne historien er fra February 2023-utgaven av Business Of Fashion.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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