The domestic gold jewellery industry is projected to grow by 14-18% year-on-year in FY25, according to an ICRA report, despite expected volume contraction

As the festive season approaches, the Indian gold market is showing promising signs of recovery, despite facing challenges from record-high prices and recent fluctuations in demand

The gold jewellery demand is likely to face pressure in the long term, however, the country's demographics will offset the trends and boost demand, the World Gold Council (WGC) said in a report today.

After PM Narendra Modi’s pep talk about ‘Design in India’ and how India should be Number One in gems and jewellery, Indian exporters are all geared up to hit $60 billion worth of exports in the next 5 years. Given the current climate, this could be a tall order. There is no dearth for inspiration in this country that has had a longstanding heritage when it comes to craftsmanship. We have a strong foundation in jewellery manufacturing and the industry currently employs 4.5 million skilled and semi-skilled workers across India, but we are meeting only 10 per cent of the global demand. If our forte lies in jewellery making, why is India not playing to its strength? Where is the industry lacking and what should it be doing to be on top? Explores Vijetha Rangabashyam

World Gold Council demand trend report for Q3 of 2016