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
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
Gold Jewellery Sales Dwindle on Gudi Padwa Due to Inflation
The Hindu festival of Gudi Padwa is considered an auspicious day for shopping, particularly for gold jewellery. However, this year, due to the skyrocketing price of gold, sales of jewellery on Gudi Padwa were less than expected.
India's Gold consumption sees a 3% drop in 2022
India's gold consumption declined to 774 tonnes last year as demand dropped 20%.
Tanishq Forges Ahead With More Store Openings Across India Despite Pandemic
Some of the new Tanishq stores that Titan Jewellery Division planned to open in FY22 may get deferred while the company takes stock of the volatile situation in the wake of the second Covid wave
One Hell of a Year
The Year That Was
Demand for gold jewellery to remain subdued in FY2020: ICRA
ICRA expects gold jewellery demand to be subdued in FY2020 with expected volume de-growth of 6-8% on the back of elevated gold prices and weak consumer demand
Gold jewellery demand may fall by 2-4% this year
However, in value terms, the demand for gold jewellery is likely to register a growth of 5-7 percent during the year, rating agency Icra said in its report.
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