Jewellers devise strategy to achieve $60-bn export target in 5 years

Target grows almost 100% from 2015-16 via increased focus on value addition, brand promotion

Following an advice from the Prime Minister, Indian exporters have for the first time prepared a detailed export promotion strategy and a target of $60 billion worth of gems and jewellery exports in five years.

India's gems and jewellery exports reported a sharp decline over the last five years due to global economic slowdown especially in Europe and the United States. From the level of $43.21 billion in 2011-12, India's gems and jewellery exports fell steadily to $31.98 billion in 2015-16. The industry, however, estimates a recovery in 2016-17 on a rebound in American and European economies. Thus, Indian exporters estimate