Gem and Jewellery Council urges jewellery trades to stay calm amid gold duty hike
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Summary
"Business is now going to become difficult on the back of the PM Modi's austerity measures and following the import duty hike in bullion," GJC chairman said
Key Facts
Type Policy
Source The Hindu - Business
Published Wednesday, 13 May 2026
Affected Population 63 million MSMEs, export-import community
Key Numbers
Merchandise exports: $437 billion (2024-25)
FDI inflow: $71 billion (2024-25)
PLI scheme: Rs 1.97 lakh crore across 14 sectors
Rs 15,000 crore for Digital India initiatives
Key Authorities
Key Stakeholders
Government Context
NDA III BJP-led NDA
Left Centre Right