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Expansion▲ Bullish for Indian equities
How gold sector is gearing up $100 bn export target as India eyes massive expansion in $55 bn FTA jewellery market
The brief
- India’s gold sector is targeting $100 bn in exports as the country eyes a $55 bn FTA jewellery market
- Nearly 20% to 25% of India’s gold consumption could be met by domestic recycling over five to seven years
- Export and jewellery-market growth could benefit Indian gold retailers and jewellery exporters
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