Indian Domestic Jewellery Market Size

The jewellery industry was significantly impacted by Covid-19, but it began to recover in CY22, with the industry size stabilizing at around Rs. 4,641 billion. While gold prices increased, demand for gold jewellery remained somewhat muted. However, the long-term outlook for the jewellery industry is positive, as it's supported by a growing working population, rising disposable incomes, and improving standards of living.