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India's Jewellery Export Industry Remains Resilient Amid Global Recession Fears

India's jewellery export industry has remained resilient amidst global recession fears, with exports reaching $24.07 billion in the 2021-2022 fiscal year. Despite the ongoing pandemic and its economic impact, the industry has managed to thrive due to its adaptability and agility.

The Gems and Jewellery Export Promotion Council (GJEPC) has been supporting the industry by offering digital platforms and trade shows to connect with buyers and foster growth. Additionally, the council has partnered with e-commerce companies to increase online sales and exports.

Despite challenges such as rising gold prices and the ongoing semiconductor shortage affecting the production of jewellery machinery, India's jewellery export industry remains a vital contributor to the country's economy. The industry has demonstrated remarkable resilience and adaptability, cementing its position as a global leader in the jewellery export market.

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