India accounts for 8% of global gems and jewellery exports, excluding raw gold, but has immense scope to expand its presence beyond diamonds and jewellery, NITI Aayog Program Director Pravakar Sahoo said.
Addressing an inaugural session of the Gems & Jewellery Conference 2026 - India's Jewellery Moment: From Craft to Commerce, Innovation to Impact, he said, India has built significant strength in diamonds and jewellery, however, "there is considerable scope to expand into other product categories and strengthen its share in global markets through value creation, better design, branding and market diversification."
