Searched Tag: india s gems jewellery sector
September 23, 2024, 08:46 PM - 2 min read
India's gems and jewellery exports fell by 18.79% to USD 2.01 billion in August, down from USD 2.47 billion the previous year, due to weak global demand, according to GJEPC data.
Read moreSeptember 20, 2024, 03:30 PM - 2 min read
The Financial Action Task Force (FATF) has warned that India's trade in precious metals and stones is vulnerable to money laundering and terrorist financing due to its ability to facilitate large fund transfers without ownership trails. The FATF's report calls for a deeper analysis of these risks in this significant sector, which constitutes about 7% of the GDP.
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