NewswireToday - /newswire/ -
Noida, Uttar Pradesh, India, 2011/08/12 - With favorable government support and increase in foreign investment, the Indian gems & jewellery market will surge at a CAGR of 13% during 2011-2013, says RNCOS in its recent research report.
According to our research report,“Indian Gems and Jewellery Market Forecast to 2013”, Indian jewellery industry is among the fastest growing industry in the economy. It represents the world’s fastest growing market with a share of branded segment continuously growing. With rapidly growing personal income and the favorable government support, the market is expected to surge at a tremendous rate in the years to come. On the basis of various developments and catalytic drivers, we expect that the market will grow at a CAGR of around 13% during 2011-2013.
Indian government has been playing an important role in the development of the industry since the past few years. The authority has adopted many steps to further improve the status of the domestic gems & jewellery market. Recently, it is planning to provide incentives to promote the FDI in the sector. Besides, the government has also reduced the import tariff on various precious stones. Apart from this, the report also highlights various other measures taken by the government and other local authorities to promote the development of domestic gems and jewellery industry.
Further, we have also covered a section on increasing investment by various foreign players, which have been attracted by the booming gems & jewellery industry in the country.
“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 micro-economic factors, industry and sector-specific databases, and our in-house statistical, and analytical model. These statistical and analytical models take into account the past and current trends in an economy, and more specifically in an industry, to bring out an objective market analysis. Over and above, our report also presents a prudent analysis on competitive landscape, which will facilitate intending clients to acquire a general overview of the market structure and growth prospects, and help in their decision making.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.