Noida, India (PressExposure) September 29, 2009 -- RNCOS has recently added a new Market Research Report titled, âIndian Gems and Jewellery Market - Future Prospects to 2011â to its report gallery. India possesses worldâs most competitive gems and jewellery market due to its low cost of production and availability of skilled labor. As per our new research report âIndian Gems and Jewellery Market - Future Prospects to 2011â, highly skilled and low cost manpower, along with strong government support in the form of incentives and establishment of SEZs, has been the major driver for the Indian gems and jewellery market. The market also plays a vital role in the Indian economy as it is a leading foreign exchange earner and accounts for more than 12% of Indiaâs total exports. Currently the Indian market remains highly fragmented, but is rapidly transforming into an organized sector.
Currently, the industry is facing a slowdown due to global economic turmoil. But due to various government efforts and incentives coupled with private sector initiatives, the Indian gems and jewellery sector is expected to grow at a CAGR of around 14% from 2009 to 2012. At present, the Indian gems and jewellery market is dominated by the unorganized sector; however, the trend is set to change in near future with the branded jewellery market growing at an expected CAGR of more than 41% in the coming four years. As per our research report, with its consumption pegged at nearly 20%, India remains worldâs largest gold consumer and this share is expected to grow further.
âIndian Gems and Jewellery Market - Future Prospects to 2011â 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 gives an overview on the market for gems and jewellery in the country. It also evaluates the emerging trends in the concerned industry.
Our report also 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.
The information has been compiled from authentic and reliable sources like books, newspapers, trade journals, white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to over 3000 paid databases.
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