Jewellery, Rings, Necklaces, Earrings, Gemstones
The Indian retail jewellery trade is expected to witness a 10-12% growth in domestic jewellery consumption for FY2024, revised up from an earlier estimate of 8-10%, driven by the rise in gold prices. However, ICRA tasks a reasonable growth rate of 6-8% in H2 FY2024 because of tepid rural demand amid persistent inflation. The domestic jewelry retail trade, in value phrases, is expected to develop at per cent during the current monetary 12 months on the again of elevated gold costs, credit standing agency ICRA said in a report. In the final monetary year, the industry had grown by greater…