Consumer Goods and Retail Report Blog

  Increasing product innovations by the gems and jewelry market players and rising standard of living to propel the growth of the India gems and jewelry market through FY2027. According to TechSci Research report,  “ India Gems and Jewelry  Market - By Region, Competition, Forecast & Opportunities, FY2017-FY2027”,  The India gems and jewelry market would potentially project an impressive growth in the forecast period, FY2023-FY2027, with an impressive CAGR of 8.34% on account of the rapidly increasing per capita expenditure of consumers. Rising investments in India's gems and jewelry industry as a consequence of increased exports through special economic zones, as well as rising organized retail, e-commerce platforms, are likely to fuel the market for gems and jewelry in the nation. Also, as disposable income rises, customer tastes and preferences are rapidly changing toward luxury gem and jewelry companies. Also, the growing number of internet and smartphone users in India is