Manoj Kumar Jha, Managing Director, Kamakhya Jewels Limited
The Union Budget presents a balanced and forward-looking framework for the gems and jewellery industry, strengthening macro-economic stability, policy clarity and long-term growth visibility. Continued emphasis on infrastructure development, manufacturing strength and export-led expansion improves the overall operating environment across the value chain—from artisans to organised manufacturers and exporters.
Importantly, the government’s decision not to increase customs duty on gold imports sends a strong and reassuring signal to the industry, supporting price stability, consumer sentiment and business planning. In addition, the removal of the ₹10 lakh cap on courier exports is a progressive reform that will significantly boost e-commerce, enable MSMEs and independent designers to access global markets more efficiently, and enhance India’s competitiveness in cross-border jewellery exports.
As disposable incomes improve and global uncertainties persist, gold and jewellery will continue to play a dual role as aspirational consumption products and trusted stores of value. Overall, the Budget strengthens confidence and lays a solid foundation for sustainable domestic and international growth.
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