Skip to main content

Gems & Jewellery Sector May Recover Soon

Gems & Jewellery Sector May Recover Soon




Gems & Jewellery Sector May Recover Soon - - Reports of increasing consumer spending in the US

According to Press Trust Of India, Indian gems and jewellery exports, which have been declining owing to the global economic meltdown, are expected to recover in the next few months on account of revival of demand in the major market of America.

"We expect that, in June and July, there will be some revival of exports as one of the reports revealed increasing consumer spending in the US," Gems and Jewellery Export Promotion Council Chairman Vasant Mehta said.However, he said that exports would continue to remain down by about 20-30 percent in April and May. As per estimates by the Directorate General of Foreign Trade, the industry has suffered an export order loss of Rs 125.67 crore and cash loss of Rs 49.93 lakh during August-October 2008.The US accounts for 30 to 35 percent of the Indian jewellery exports.The declining trend had begun well before the Christmas season. In fact, the sector's exports had started showing a declining trend from November onwards when it dipped by 34.25 percent as compared to the same period last year. In December 2008, exports had declined by 25.89 percent over the corresponding period last year.Shipments during April-January stood at $16.3 billion against $16.7 billion a year ago.
Labels:

Comments

Post a Comment

Popular posts from this blog

Social Media Subscriptions and statistics in India - 2017

Social Media Subscriptions and statistics in India - 2017  Facebook  India has world’s largest number of Facebook Users with over 195 million users, overtaking US by over 4 million subscribers. T here are 155 Million Monthly Active Users (MAUs) in India, of which 147 Millions MAUs access Facebook via Mobile Phones and 73 Million users are active daily on Mobiles. Top 5 countries accessing Facebook are India, USA, Brazil, UK and Germany.  A users revisits Facebook more than 3 times in a day. In India, 76% of Facebook users are Men , and 24% users are women   Twitter Twitter, the microblogging site has 23.2 million Monthly Active Users in India, which is 2nd largest in Asia-Pacific after Japan with 26 million MUAs Over all, Twitter accounts for 17% of Indian Social Network users.  Twitter is at 2nd place in terms of User Engagement after Facebook. According to twitter, 80% of users tweet from mobile devices. Every second, around 6,000 tweets are sent...
Post a Comment
Read more

After Krishna, who are the top 10 most intelligent characters in the Mahabharata?

There is a very thin line of difference between intelligence and idiocy Intelligence as a filter or parameter is very subjective and leaves a lot of scope for challenges and opinion. I have rated the following people based on knowledge and capacity to create an impact by their knowledge 1 - Shakuni The only mastermind, the grand master on the kurava side who was capable of strategising and drawing parallel plans to nullify the pandava moves and negate  enemies 2 - Draupadi This unforgettable heroine is way smarter than any of her husbands or others in the court of yudistra, SHe possessed great intelligence and was the force and ghostwriter behind all of his decissions, a lady with great spirit, valour and virtue. Her story is a saga of suffering and disgrace but she took everything in her stride and vanquished each one of the perpetrators of her humiliation and agony 3 - Sahadeva  Sahadeva is intelligent but not cunning, he also is said to have a gift of prediction and fore...
Post a Comment
Read more

The mystery of floating stones

It is mentioned in the epic Ramayana that Ram Setu was built by the son of Lord Vishwakarma when Lord Rama needed to cross the sea to reach Lanka. The bridge known as Adam's Bridge is said to be built of floating stones. The epic mentions that whenever the name of Lord Rama was written over any stone, it started to float in the sea water. Some such stones are said to be scattered at Rameswaram during the Tsunami and one of them was brought to Patna to prove the evidence of Rama and the bridge. The proof was given in the form of this video : http://videos.oneindia.in/watch/1897/floating-stone.html Even after watching this video many people won't believe it. And I can understand it. It defies logic and reason. But is it actually so? How can this mystery be explained? About 4 years back, I was in Rameswaram and in one of the several hundreds of temples, I saw not one, but 12 such stones! They were of various shapes and sizes. Here is a possible explanation : Before I st...
1 comment
Read more