According to the Rudra Investment Commodity Expert. The good days of jewelry businessmen have come now. Sector believes that the note of the captive, GST, and other policy changes is over. The situation has improved so much that this season is expected to increase jewelry sales by at least 25 percent in the season beginning from Akshay Tritiya. Although the jewelers believe that the sector is in dire need of stability and it will come from the government's policy.
GJF i.e. James & Jewellery Federation estimates that the jewelry sector is currently 4.5 lakh crore and by 2025, it is expected to reach 8 lakh crore rupees. Experts say exports will be a major contributor to this growth.
The government is also bringing a new gold policy to help the James and Jewellery sector, and the government has sought advice from the industry body for this. The experts say that if the government wants to stop black marketing completely, then he should pay attention to customs duty.
Not only the market, experts also believe that this year, the price of gold will increase rapidly and this will benefit the investors as the market will also grow faster. That is, how true gold is this year, it will be clear.
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Rudra Investment|SEBI|Commodity|NSE|BSE|Stock
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