India sets $100 billion gems and jewellery export target for 2040
The Commerce Department and GJEPC have outlined a 2040 roadmap to lift gems and jewellery exports from about $28 billion in 2025-26 to $100 billion, centred on branded design-led products, MSME scale-up, market access, talent and advanced manufacturing technology.
What happened
Gem & Jewellery Export Promotion Council (GJEPC) · India’s Commerce Department and GJEPC outlined a 2040 roadmap to raise gems and jewellery exports to $100
Key facts
- $100 billion gems and jewellery export target by 2040
- Around $28 billion exports in 2025-26
- 1.2% projected contribution to GDP by 2040
- 14% projected share of merchandise exports by 2040
- Employment target of 1 crore people
- Around Rs 15 lakh crore manufacturing-output target
- Nearly Rs 60 lakh crore overall economic-value target
- 15-year tax exemption on rough diamond sales through Special Notified Zones
Why this matters
Strategic buyers should assess partnerships or acquisitions in branded design, advanced manufacturing, diamond sourcing and export-capable MSME networks as policy incentives improve sector economics.