Mumbai: Mr. Sachin Jain, President of Forevermark India, on the expectations for the Gems and Jewellery industry from the upcoming budget says:

“The gems and jewellery sector makes a significant contribution to the country’s overall economy. Just like there were high expectations from last year’s budget this year too, the fraternity is looking for a positive outcome from the budget. The industry concerns have already been put forth by bodies like GJEPC, GJAF & FICCI to the government. Considering the current government encourages and promotes a business conducive environment, we are hopeful that they will address the same which will benefit the industry. From the consumer perspective, the budget should be able to put in real time money in the hands of consumers, increasing their disposable income. So overall an impactful budget will be the one that takes into consideration several important factors like import duty, export duty of diamonds/gems/jewellery, customs, etc. It seems like the industry will perform well this year, especially in the second half. Here’s hoping that the Budget 2015 is industry friendly.”