World Information

  Gems and Jewellery Industry in India As of January 2021, India’s gold and diamond trade contributed 7.5% to India’s Gross Domestic Product (GDP) and 14% to India’s total merchandise exports. The gem and jewellery sector is likely to employ 8.23 million persons by 2022, from 5 million in 2020. Jaipur, a land with a vast cultural heritage and a spirited lifestyle, is also a very important city in the India gems and jewelry industry. The Jewelry Stores industry, which sells jewelry, timepieces and sterling and plated silverware, is composed of traditional brick-and-mortar shops and does not include internet, mail-order or direct-sale retailers. India is also home to around 450,000 goldsmiths, 100,000 gold jewellers along with 6,000 diamond pro...

Retail Sector in India   Indian retail industry is one of the fastest growing in the world. As per Forrester Research, in 2020, India's retail sector was estimated at US$ 883 billion, with grocery retail accounting for US$ 608 billion. The market is projected to reach US$ 1.3 trillion by 2024. The retail sector includes any business or individual involved with selling products directly to consumers. The retail sector includes shops, department stores, supermarkets, market stalls, door-to-door sales people and internet retailers. Retail stores are an important part of high streets and town centers. Indian retail industry has emerged as one of the most dynamic and fast-paced industrie...