Mr. Colin Shah, MD, Kama Jewelry
“RBI’s verdict to maintain the repo rate comes as no surprise on the backdrop of uncertain global scenario, mainly the geo-political tensions that has been a constant concern, thereby stressing the need to be vigilant during these times. With FY25 CPI inflation forecast been kept unchanged at 4.5% followed by softness in inflation in Q2 FY25 brings in a mild relief , however, spillover risk will remain a pressure point in the second half of FY25.
However, GDP growth projection for FY25 having increased to 7.2% from the earlier 7% showcases and infuses a belief that the country’s growth story will continue to remain robust, thereby strengthening the disposable income and purchasing power of the buyers. But, with current global economic instability, a muted growth in trade activities of gems and jewellery could be seen until the scenario gains stability.”
