India's Gems and Jewellery Exports Surge 19% to $2.5 Billion
India's gems and jewellery sector has shown significant growth, with exports increasing by 19% year-on-year. The sector's export value reached $2.5 billion, up from $2.1 billion in the previous year. This $0.4 billion increase demonstrates the industry's strong international competitiveness and its ability to meet global demand effectively.
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India's gems and jewellery sector has demonstrated remarkable growth momentum, with exports registering a substantial increase of 19% year-on-year. The sector's export value reached $2.5 billion, marking a significant jump from the previous year's $2.1 billion.
Export Performance Analysis
The gems and jewellery industry's performance reflects strong international demand and the sector's competitive positioning in global markets. The year-on-year comparison reveals the following growth metrics:
| Parameter | Value |
|---|---|
| Current Export Value | $2.5 billion |
| Previous Year Value | $2.1 billion |
| Absolute Growth | $0.4 billion |
| Growth Percentage | 19.05% |
Sector Significance
The gems and jewellery sector's robust export performance underscores its importance to India's overall export portfolio. The 19.05% growth rate demonstrates the industry's ability to maintain strong international competitiveness and meet global demand effectively.
The $0.4 billion increase in export value represents substantial progress for the sector, highlighting the continued appeal of Indian gems and jewellery products in international markets. This growth trajectory positions the industry as a significant contributor to India's export earnings.
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