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Agni Titans-Stage4

The document provides an overview of the gem and jewellery industry in India, highlighting its significant contribution to global jewellery consumption and India's GDP. It discusses the growth drivers, including the rise of the middle class, cultural significance, government initiatives, and the transition towards an organized market. The industry is forecasted to grow at a CAGR of 8.4% and is a major employer, contributing to India's total merchandise exports.

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23 views7 pages

Agni Titans-Stage4

The document provides an overview of the gem and jewellery industry in India, highlighting its significant contribution to global jewellery consumption and India's GDP. It discusses the growth drivers, including the rise of the middle class, cultural significance, government initiatives, and the transition towards an organized market. The industry is forecasted to grow at a CAGR of 8.4% and is a major employer, contributing to India's total merchandise exports.

Uploaded by

mysiddarth
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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TEAM AGNI TITANS

SECTOR

CONSUMPTION SUB SECTOR


GEM AND JEWELLERY INDUSTRY IN INDIA

Team Leader: Chapay Soren


• Vinod Katwa • Vikas Kapoor
• Ankur Bhatnagar • Swapan Roy
• Aju James • Shailendiran
• Abdul Rahim • Vivek Doda
• Venkatanarayanan R S • Vivek Munot
• Abhishek Ojha • P R Suthar
• Vikas Misra • Vicky Mann
GROWTH OF CONSUMPTION SECTOR IN INDIA

Drivers of future consumption in India


RISE IN MIDDLE CLASS & ITS CONSUMPTION IN INDIA

Indian middle class income will increase to 715


lakhs by the year 2030 and further boom to 1,015
lakhs by the year 2046-47.

Middle class is the biggest contributor to


expenditure in the Indian economy.
INIDAN GEM & JEWELLERY INDUSTRY OVERVIEW

INDIAN GEMS-JEWELLERY DOMESTIC & EXPORT MARKET • CONTRIBUTES 29 % TO THE GLOBAL JEWELLERY CONSUMPTION
FORECAST TO GROW AT A CAGR OF 8.4%
• 7.5% TO INDIA’S GDP

USD 128.72 Bn
• 14% TO INDIA’S TOTAL MERCHANDISE EXPORTS
• EMPLOYS OVER 8 MN PEOPLE
USD 80.51 Bn

TOP 5 COMPANIES IN THIS SECTOR WITH MARKET CAP

COMPANY MARKET CAP (In Cr.)


INDIAN DOMESTIC JEWELLERY MARKET SIZE IN (USD BN)
FORECAST TO GROW AT A CAGR OF 17% TITAN COMPANY 317029.02

KALYAN JEWELLERS 32446.62


124
RAJESH EXPORTS 10456.70

70 VAIBHAV GLOBAL 6510.78


60 56
43
26 SENCO GOLD 5883.10

SOURCE: TECHNOPAK ANALYSIS


GROWTH DRIVERS OF GEM AND JEWELLERY INDUSTRY IN INDIA

Culture & Tradition Growing Middle-Class & Increasing Exports and Global Demand
Disposable Income
• Gold is considered as symbol of wealth and • Indian jewellery is highly regarded for its
craftsmanship, intricate designs, and competitive
prosperity. • Middle class represents a substantial consumer
pricing.
• Jewellery holds a special place in religious base for the jewellery industry

ceremonies, festivals, weddings, and other • Aspirational buying of Gem & Jewellery • As of 2022, India ranks first among the top
auspicious occasions. • Investment in Gold for diversification exporters in cut & polished diamonds, and second
in gold jewellery, silver jewellery, and lab-grown
diamonds.

39.3 37.5
35.6
32.7 31
25.5

12.1

Note: Till August 2023


Source: Gem & Jewellery Export Promotion Council
GROWTH DRIVERS OF GEM AND JEWELLERY INDUSTRY IN INDIA

Favorable Government Initiatives Transition Towards Organised E-Commerce and Digital


and Policies Market Transformation

• Export target of US$ 42 billion for 2023-24: • Mandatory hallmarking and KYC norms. • Customers can now explore a vast range of

Ministry of commerce jewellery designs, compare prices, and make


• Trusted brands offer transparency, purity and
purchases from the comfort of their homes
• Exporters of gems and jewellery can import / design.
• Customisation
procure duty free input for manufacture of export • Brand building effort. • Virtual Try-Ons
products. • Better customer service experience • Blockchain Technology
• Schemes available to the exporters are: • Urbanisation and migration.
⚬ Advance Procurement / Replenishment of
Organised Unorganised
Precious Metals from Nominated Agencies; 5% 6%
32% 34% 37% 42%
⚬ Replenishment Authorization for Gems;
⚬ Replenishment Authorization for 95% 94% 68% 66% 63% 58%

Consumables.

⚬ Advance Authorization for Precious Metals.


Source: Technopak Analysis Industry Research Reports.
Source: (dgep.gov.in)
THANK YOU

TEAM AGNI TITANS

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