Union Budget 2026–27 makes strong push for MSMEs, signals stability and cautious optimism
Union Budget 2026-27 makes a strong push for MSMEs, with a Rs 10,000-crore SME Growth Fund; besides, it enables faster payments via mandatory TReDS for CPSE purchases. Overall, the Budget emphasizes fiscal prudence, infrastructure creation, and ease of doing business. For a sector navigating global uncertainty, shifting consumer preferences, and rising compliance standards, it is stability that the enabler.
Jewellery industry flags tax, duty and regulatory priorities ahead of Budget 2026
Ahead of the Union Budget 2026–27, leading jewellery retailers, manufacturers and industry bodies outline expectations on GST, import duties, exports, digital gold regulation, working capital, and policy reforms to strengthen growth.
Budget 2025-26 has put India on the Growth Path, Industry Leaders say
Industry leaders have praised the Union Budget for boosting consumer demand through tax reforms, increasing disposable income, and supporting economic growth
Union Budget 2025: Customs Duty on Gold Imports Remains Unchanged at 6%
The Union Budget 2025-26 brings relief and strategic reforms for the jewellery sector. While the customs duty on gold remains steady at 6%, key changes include new tariff classifications for gold and silver, along with significant duty cuts on platinum findings and jewellery components
World Gold Council Urges Government to Maintain Gold Import Duty in Budget 2025
The World Gold Council (WGC) has expressed concerns about the potential hike in gold import duties in India’s upcoming Union Budget for 2025
Chairman of NGJCI Meets Finance Minister, Discusses Budget Proposals
Pramod Agrawal, Chairman of the National Gems & Jewellery Council of India (NGJCI), met the Finance Minister Nirmala Sitharaman to extend New Year greetings and discuss key proposals submitted for the Union Budget 2025-26
Gems & Jewellery Sector Urges Government to Reduce GST to 1% in Upcoming Budget
The Indian gems and jewellery industry has called on the government to reduce the Goods and Services Tax (GST) to 1% in the upcoming Union Budget
Gold Jewellery Demand Expected to Grow 14-18% in FY25: ICRA Report
The ICRA report projects a robust 14-18% year-on-year growth in India’s gold jewellery consumption for FY25, driven by factors like the customs duty cut, festive demand, and rural income boost. Organised retailers are expected to lead the growth with network expansions and rising consumer preference for branded jewellery
Gold Jewellery Demand Poised to Surge in Coming Months, 18% Volume Increase Forecast by Nuvama
The Indian jewellery market is set for a strong rebound in the coming months, with Nuvama predicting an 18% surge in gold jewellery demand
GJEPC Praises Recent Tax Reforms in Meeting with CBDT Joint Secretary
The Gem and Jewellery Export Promotion Council (GJEPC) recently met with Raman Chopra, Joint Secretary of the Central Board of Direct Taxes (CBDT), in New Delhi to express their appreciation for key tax reforms announced in the Union Budget 2024
India International Jewellery Show (IIJS) Premiere 2024 Shatters Records with $12 Billion in Business
The India International Jewellery Show (IIJS) Premiere 2024, hosted by the Gem & Jewellery Export Promotion Council (GJEPC), has set a new industry milestone by generating a record-breaking USD 12 billion in business
Drop in Gold Prices Boosts Jewellery Sales in Tiruchi
The jewellery market in Tiruchi is experiencing a surge in activity following a reduction in the basic customs duty on gold, silver, and platinum. The Union Budget's cut has lowered the customs duty on gold and silver to 6% and on platinum to 6.4%, down from the previous rate of 15%
Gold Jewellery Industry Revenue Expected to Grow 13-15% in FY25: ICRA
The Indian gold jewellery industry is poised for significant growth in the financial year 2025 (FY25), with revenue expected to increase by 13-15%, according to a report by ICRA
GJEPC Webinar Analyzes Budget's Impact on Gem and Jewellery Industry
The Gem and Jewellery Export Promotion Council (GJEPC) recently held a well-attended webinar on July 25, 2024, to analyze the impact of the Union Budget 2024 on the gem and jewellery industry. The event featured insights from industry experts and highlighted key budget measures beneficial to the sector
Aditya Birla Group enters the Indian jewellery retail market with the launch of Indriya
Aiming to become one of India's top three jewellery retailers within five years, this move marks a significant expansion of the group's consumer portfolio, leveraging over two decades of experience in the fashion retail and lifestyle industry.
