Question

Give as overview of exports if handucrafts and jewellery from india. What are india's competitive advantage and disadvantage in this sector?

Answer 1

ANSWERS

The Gems and Jewellery sector plays a significant role in the Indian economy, contributing around 7 per cent of the country’s GDP and 15 per cent to India’s total merchandise exports. It also employs over 4.64 million workers and is expected to employ 8.23 million by 2022. One of the fastest growing sectors, it is extremely export oriented and labour intensive.

HOPE IT HELPS YOU.