Retail in Asia

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Slow recovery in the US and Europe to affect India’s jewellery industry

The slow economic recovery in the US and Europe may subsequently slow down the export growth of Indian gems and jewellery in the short term, a study conducted by the Export-Import Bank Of India said. However, it goes on to describe India as one of the fastest growing jewellery markets in the world, stating that it is largely driven by jewellery exports to the US and Europe, and the demand in the domestic market.