India's gems & jewellery exports slip 9.07% in April to $2.23 billion
Industry body GJEPC reports April exports at $2,226.45 million versus $2,448.53 million a year ago, extending weakness in a category sensitive to global demand and bullion price swings.
India's gems and jewellery exports fell 9.07% year-on-year in April to $2,226.45 million, down from $2,448.53 million a year earlier, according to industry body GJEPC, signaling continued weakness in the category.
Why this matters
Continues a downtrend flagged by GJEPC, with prior reports citing diamond and plain gold jewellery slumps. The body has also warned that a 15% gold duty hike would squeeze MSME exporters' working capital.
Retail-company signals steady at 472 over the last 90 days.