India has the potential to turn out to be a global manufacturing hub for gems and jewellery, in accordance with Union Commerce and Industry Minister Piyush Goyal. Speaking on the annual World Jewellery Confederation Congress in Jaipur, Goyal highlighted the significance of the trade to India’s economic system, with its contribution to annual merchandise exports and employment of nearly 5 million individuals. Gold demand and costs are anticipated to rise in 2024 as a end result of geo-political uncertainties, debt crisis, and central financial institution purchases. India’s sovereign gold bonds will encourage buyers to see gold as an alternative asset class. Efforts are being made to bridge the trust deficit and improve transparency in the gold industry.
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- Some consumers may be concerned concerning the environmental influence of jewellery manufacturing.
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