The infrastructure impetus can empower micro, small and medium enterprises in the gems and jewellery trade to build global competitiveness and increase their business in a contemporary and environment friendly environment, he stated. As per industry estimates, sales of classes like ethnic wear and wedding ceremony put on, gold jewelry and electronic family appliances have declined by 10-20% in FY24 until February as in comparison with the identical interval in FY23. However, luxurious and premium merchandise bucked the development of gross sales decline mirroring the general trend in consumption, chief executives mentioned.
For the very first time in history, the …
