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.

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.

A delegation from the GJEPC recently met with Shri Jitin Prasada, Hon'ble Minister of State for Commerce & Industry, to discuss pressing issues impacting the gem and jewellery sector

India's Commerce Ministry is planning to establish a task force for the gem and jewellery industry to tackle ongoing challenges, including weak demand in key markets and supply disruptions

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

Finance Ministry launches SOP for facilitating e-commerce jewellery exports through courier

The overall gross exports of gem & jewellery from April 2021- March 2022 stood at US$ 39.15 billion (Rs 291771.48 crore), showing a growth of 54.13% in dollar terms (55.75% in Re terms)

The meeting was held to discuss the gem & jewellery export targets for the year 2022-2023, and other issues pertaining to the trade

The Gem & Jewellery Export Promotion Council (GJEPC) of India, announced the performance figures for the Indian Gems & Jewellery Sector for FY 20017-18. The Indian Gem and Jewellery industry has witnessed a decline of 5.06 % with total gem & jewellery exports recorded at USD 40972.36 million (Rs. 264130.64 crores ) as compared to USD 43,157.11 million ( Rs. 289207.47 crores) in the same period last year.