After PM push, jewellers devise strategy to achieve $60 bn export target

For the first time, Indian exporters have prepared a detailed promotion strategy for gems and jewellery, and set an annual target of $60 billion worth of exports, which they expect to achieve in the next five years. The move has come after the Prime Minister’s advice on the issue.

India’s gems and jewellery exports reported a sharp decline in recent years owing to global economic slowdown, especially in Europe and the US. From $43.21 billion in 2011-12, the exports fell to $31.98 billion in 2015-16. 

The industry, however, estimates a recovery in 2016-17 on a rebound in American and European