India's Gem & Jewellery Exports Eye $32 Billion Target with ₹25,000 Crore Govt Push!
Consumer Products
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Updated on 13 Nov 2025, 10:09 am
Reviewed By
Satyam Jha | Whalesbook News Team
Short Description:
Detailed Coverage:
India's gem and jewellery industry has set an ambitious target of achieving $32 billion in exports by the fiscal year 2025-26. This goal is significantly supported by the government's recent approval of a ₹25,060 crore export promotion mission. Kirit Bhansali, Chairman of the Gem and Jewellery Export Promotion Council (GJEPC), expressed confidence that this target is within reach due to the new policy measures. The mission aims to improve access to affordable finance for small and medium enterprises (MSMEs), which represent a large portion of the industry and often struggle with credit access. This government push aligns with Prime Minister Narendra Modi's commitment to enhancing exports through strategies like negotiating more Free Trade Agreements (FTAs) and implementing one-window clearance systems for new exporters. The GJEPC is also enhancing its international presence through roadshows and new shows. Domestically, demand is expected to remain steady, driven by the festive and wedding seasons, though gold price fluctuations might affect volume.
Impact: This development is highly positive for the Indian gem and jewellery sector. The substantial government funding and policy support are anticipated to drive export growth, create jobs, and improve the financial stability of MSMEs. It could also lead to increased investor interest and potentially higher valuations for companies within this sector. Rating: 7/10
Difficult Terms: * **MSMEs**: Stands for Micro, Small, and Medium Enterprises. These are small to medium-sized businesses that are vital for economic growth and employment. * **GJEPC**: Gem and Jewellery Export Promotion Council. It is an industry body established by the Indian government to promote the country's gem and jewellery exports. * **FTAs**: Free Trade Agreements. These are international accords between two or more countries designed to reduce or eliminate trade barriers.
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