The jewellery sector is poised for growth as increased disposable income from recent tax changes will drive demand for luxury items. Organised retail jewellers are expected to benefit the most, with a projected rise of 15-20% in sales. The trend is evident in the growing number of players entering the online market, with the e-commerce share of the jewellery industry estimated to reach 10% by 2023. This growth is further facilitated by the government's recent focus on the sector, including the implementation of the Indian Diamond Trading Centre and the development of a National Gemstone Repository.
With these positive developments, the future looks bright for the jewellery industry in India.
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