India possesses world’s most competitive gems and jewellery market due to its low cost of production and availability of skilled labor. As per our new research report “Indian Gems and Jewellery Market Forecast to 2013”, highly skilled and low cost manpower, along with strong government support in the form of incentives and establishment of SEZs, have been the major drivers for the Indian gems and jewellery market. Presently, although, Indian market is highly fragmented, it is rapidly transforming into an organized sector.
Currently, the industry is growing at a tremendous rate on the back of growing demand and increasing consumer preference. With various government efforts and incentives coupled with private sector initiatives, Indian gems and jewellery sector is expected to grow at a CAGR of around 13% during 2011 - 2013. At present, Indian gems and jewellery market is dominated by the unorganized sector; however, the trend is set to change in near future due to the growing acceptance of branded jewellery market. As per our research report, with its consumption pegged at nearly 24% in 2008, India remains world’s largest gold consumer and this share is expected to grow further.
“Indian Gems and Jewellery Market Forecast to 2013” provides strategic insight into the gems and jewellery market in India. By analyzing past and future aspects of the market, the report highlights the potential growth areas in the market and provides an overview on the market for gems and jewellery in the country. It also evaluates emerging trends in the concerned industry. Additionally, the report provides intensive detail analysis of various segments under gems and jewellery industry.
Besides, our report covers the industry forecast and analysis based on various macro- and microeconomic factors, sector and industry specific databases, and our in-house statistical, and analytical model. This model takes into account the past and current trends in an economy, and more specifically in an industry, to bring out an objective market analysis. Competitive landscape is also discussed in report to present clients a general overview of the market structure and growth prospects.
