A STUDY OF DIAMOND TRADE VIS.-À-VIS. GEMS AND JEWELLERY TRADE AND TOTAL MERCHANDISE TRADE OF INDIA DURING THE LAST DECADE
India is one of the world’s most competitive and rapidly growing gems and jewellery market. Highly skilled and cheap manpower, along with strong government support in the form of incentives and establishment of SEZs, has been driving market growth for the past few years. Based on various market fundamentals, analysts have forecast CAGR of 14.7% for the gems and jewellery industry in India. Diamonds is one of the most important constituent of gems and jewellery trade of India. Against this background, the present research paper analyses the growth of diamonds trade of India vis-a-vis gems and jewellery trade and exports from India.