Commerce Secretary proposes task force to address gem & jewellery industry challenges

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​​ These concerns were driven by weak demand in key markets such as the United States, China and West Asia, exacerbated by geopolitical tensions and economic challenges.

The industry is currently navigating global uncertainties, including inflation, rising interest rates and the impact of two ongoing conflicts.

During the discussions, the need for robust policy support, enhanced liquidity and a favorable business environment to strengthen exports and solidify India’s position as a global hub for jewellery manufacturing was emphasised.

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Article Details

Author / Journalist: Neha Dewan

Category: Business

Markets: IndiaChinaCubaUnited States

Topics: Geopolitical tensions Task force Commerce ministry GJEPC Gem and jewellery industry Sunil barthwal

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-17 @ 12:53:04 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 676 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 22562414

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About Economic Times

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Official Website: economictimes.indiatimes.com

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News Last Updated: 4 hours ago

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