MUMBAI (Reuters) - Exports of gold jewellery from India in January dropped 32.8 percent from a year earlier to $482.2 million, an industry body said on Monday.
Gold jewellery exports from April to January fell 49.5 percent to $5.5 billion, the Gems and Jewellery Export Promotion Council (GJEPC) said in a statement.
India, which is fighting hard to reduce its current account deficit, has brought in measures to restrict imports of gold -- its second-biggest import item after oil.
The measures included a rule that said 20 percent of all the gold shipped in must be turned around and exported as jewellery.
(Reporting by Siddesh Mayenkar; Editing by Anand Basu)
