India targets $100 billion gems exports by 2040
Analysis based on 8 articles · First reported Aug 19, 2026 · Last updated Aug 19, 2026
The announcement signals a long-term growth trajectory for India's gems and jewellery sector, potentially boosting investor sentiment and attracting capital to the industry. However, the target is aspirational and depends on execution, so immediate market impact is limited.
On August 19, 2026, India's Commerce Secretary Rajesh Agrawal unveiled a roadmap at the 'Chintan Shivir - 2040 Roadmap for Gems & Jewellery' organized by the United States — United States Department of Commerce and the Gem & Jewellery Export Promotion Council (GJEPC). The plan targets increasing India's gems and jewellery exports from about USD 28 billion in 2025-26 to USD 100 billion by 2040. The strategy emphasizes innovation, design leadership, branding, and value addition, aiming to shift from low-margin OEM manufacturing to design-led, branded products. The sector is projected to contribute 1.2% to GDP and 14% of merchandise exports by 2040. Five priority missions were outlined: global market access, MSME scale-up, export-import fast track, 'Crafted by India' branding, and next-generation talent and design. The roadmap also envisages doubling manufacturing output to approximately Rs 15 lakh crore and expanding the sector's economic value to nearly Rs 60 lakh crore, while doubling employment to 1 crore people. Officials including Director General of Foreign Trade Lav Aggarwal and GJEPC Chairman Kirit Bhansali highlighted policy support such as free trade agreements and tax exemptions on rough diamond sales.
Set up alerts, explore entity relationships, search across thousands of events, and build custom intelligence feeds.
Open Dashboard