West Asia war could hit India's gems, jewellery exports by $1.2 bn: GJEPC
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Indian gems and jewellery exports have dropped by 20% due to geopolitical tensions in West Asia, with an expected impact of $1.2 billion over the next three months, according to the Gems and Jewellery Export Promotion Council (GJEPC). While some trade may shift to markets like China and Hong Kong, the overall impact could have reached $2 billion. Exports to the UAE and GCC total $8.3 billion, with Dubai emerging as a key trading hub. The sector is also affected by US tariffs and the India-UAE Comprehensive Economic Partnership Agreement (CEPA).
Source: Business Standard The copyright of this article belongs to the original author/organization.
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