Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

India’s FY '14 Gems and Jewellery exports fell 9% to $39.5 billion.


Date: 24-04-2014
Subject: India’s FY '14 Gems and Jewellery exports fell 9% to $39.5 billion
NEW DELHI : According to latest government statistics, the country’s gems and jewellery exports declined sharply during the fiscal year FY ’14. The exports during FY ’14 totaled $39.5 billion during 2013-’14, nearly 9% lower when compared with the exports of $43.34 billion during the previous fiscal.

According to Gems and Jewellery Trade Federation- the representative body that promotes growth of trade in gems and jewellery, the sharp decline in exports was primarily due to flat demand from global markets and partly on account of tight norms of gold imports by the government which led to non-availability of gold for exports.

The exports of gems and jewellery from India had been declining since October last year. This was mainly due to various regulatory curbs on gold imports. The government had raised the customs duty on gold imports from 2% to 10% in an attempt to arrest the rising Current Account Deficit (CAD). The confusion surrounding 80:20 rule also resulted in reduced gold imports by the country. All these led to severe scarcity of gold in India.

The contraction in gold imports helped the country to contain the CAD to to $31.1 billion (2.3% of GDP) during the April-December FY14 period as compared to $69.8 billion (5.2% of GDP) reported in the same period of previous fiscal year. The final CAD data for the entire fiscal is due to be announced shortly.

The exports of gems and jewellery constituted 15% of the country’s total exports during the fiscal.

Source : metal.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 18-09-2025
Corrigendum
Corrigendum to Notification No. 9/2025 – Central Tax (Rate) dated 17.09.2025

Date: 17-09-2025
Notification No. 13/2025-Central Tax (Rate)
Seeks to amend Notification No. 21/2018- Central Tax (Rate) dated 26.07.2018.

Date: 17-09-2025
Notification No. 14/2025-Central Tax (Rate)
Seeks to notify GST rate for bricks.

Date: 17-09-2025
Notification No. 37/ 2025-Customs
Seeks to amend Notification No.19/2019-Customs dated 06.07.2019

Date: 17-09-2025
Notification No. 38/ 2025-Customs
Seeks to amend Notification No.29/2025-Customs dated 09.05.2025

Date: 17-09-2025
Notification No. 39/2025-Customs
Seeks to amend Notification No.50/2017-Customs, dated 30.06.2017

Date: 17-09-2025
NOTIFICATIONNo. 15/2025 – Central Tax
Seeks to exempt taxpayer with annual turnover less than Rs 2 Crore from filing annual return.

Date: 17-09-2025
NOTIFICATION No. 16/2025–Central Tax
Seeks to notify clauses (ii), (iii) of section 121, section 122 to section 124 and section 126 to 134 of Finance Act, 2025 to come into force.

Date: 17-09-2025
Notification No. 12/2025-Central Tax (Rate)
Seeks to amend Notification No. 8/2018- Central Tax (Rate) dated 25.01.2018.

Date: 17-09-2025
NOTIFICATION No. 14/2025 – Central Tax
Seeks to notify category of persons under section 54(6).



Exim Guru Copyright © 1999-2025 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001