Project report for Jewellery


Introduction

Project report for Jewellery shop is as follows: The Gems and Jewellery sector plays a significant role in the Indian economy, contributing around 7 per cent of the country’s GDP and 15 per cent to India’s total merchandise exports. It also employs over 4.64 million workers and is expected to employ 8.23 million by 2022. One of the fastest growing sectors, it is extremely export oriented and labour intensive. Based on its potential for growth and value addition, the Government of India has declared the Gems and Jewellery sector as a focus area for export promotion. The Government has recently ...


Market potential & Strategy

India is deemed to be the hub of the global jewellery market because of its low costs and availability of high-skilled labour. India is the world’s largest cutting and polishing centre for diamonds, with the cutting and polishing industry being well supported by government policies. Moreover, India exports 75 per cent of the world’s polished diamonds. Gold demand in India rose to 523.93 tonnes between January to September 2018. India's gems and jewellery exports stood at US$ 28.52 billion between Apr 2018 –Feb 2019. During the same period, exports of cut and polished diamonds stood at ...


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