(IDEX Online) - Reforms introduced by India's government could help it reach a target of $43.75 bn exports for this fiscal year.
Anupriya Patel, Minister of State for Commerce and Industry, said the industry would benefit from revamped gold monetization, and a reduction in import duty on gold and hallmarking.
She said total gem and jewelry exports for the first quarter of 2021-22 were $9.2bn.
Measures already implemented would, she said, "not only help the industry to transform but ???,? ? take the exports on a steep upward trajectory".The GJEPC (Gem and Jewellery Export Promotion Council) has a long-term target to increase annual exports to $75bn.