India made
a modest beginning in export of Gems and Jewellery in 1960
61 registering export sales of US$ 2 million only. This constituted
only 0.15% of Indias exports during the year. These exports
grew to US$59 million 2.93% of its exports in 1970 71, US$782
million or 9.21% of exports in 1980 81 and further to US$2924
million or 16.12% of the exports in 1990 91.
During 1999
2000 India exported Gems and Jewellery at US$7936 million
constitutes 18% of Indian exports. The export of Gems and Jewellery
is the single biggest item of exports from India, growing at 28.8%
as against average growth of all Indian exports @18.8%.
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