It is the right time for NRIs to come to India for jewellery-related investments, says G. V. Sreedhar, GJF
Britain’s vote to exit EU created quite a stir in the domestic as well as international markets. As the uncertainty looms large on the global economy, it is time to take stock of the situation and act wisely. Commenting on the Brexit, G. V. Sreedhar, Chairman, GJF, said, “As reiterated by the Union Finance Minister, India is well prepared to tackle the short-term volatility that could result from the outcome of Britain referendum to exit from the EU (Brexit). This clearly shows the confidence on Gold and Gold jewellery. Gold is always a safe commodity to buy. The Jewellers will see good demand. Good monsoons will also boost consumer sentiments and will also support in increasing the sale of jewellery in this season. Jewellers are also planning very exclusive, unique and handcrafted designs to stimulate purchases. It is the right time for NRIs to come to India for jewellery-related investments. The gems & jewellery sector has been facing several challenges since last few months but still remained resilient.