Project Report For Jewellery Shop
The project report for Jewellery Shop is as follows.
The Gems and Jewellery industry performs a critical function in the Indian economy, accounting for about 7% of India’s GDP and 15% of India’s overall export sales. It currently employs more than 4.64 million employees and is projected to create employment of 8.23 million by 2022.
It is one of the rapidly rising markets which is highly export-oriented and labour-intensive. Relying on its opportunities for development and added value, the Government of India has designated the Gems and Jewellery market to be a priority area for promoting exports.
The government has lately taken a number of steps to encourage investment and upgrade knowledge and equipment to encourage ‘Brand India’ on the global market.
Jewellery contains ornaments worn for individual decoration. Jewellery is made of gold, diamonds, as well as other rare stones, like platinum, silver, and gems. It plays a key role in the way of living of Indians and combines jewellery with a variety of reasons, like status, long-term investment, and inflation-proofing.
Market potential & Strategy
India is considered to be a centre of the international jewellery industry due to its cheap cost and the abundance of highly skilled workers. India is the biggest diamond cutting and sharpening provider in the world, as well as the cutting and polishing sector is well funded by government actions. Besides that, India exports 75 % of the world’s polished diamonds.
India is among the leading exporter of jewellery and jewellery, and the sector is regarded to perform a crucial role in the Indian economy as it generates a substantial portion of the country’s overall foreign reserves.
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