Government roadmap calls for greater value addition, design innovation and technology use to strengthen India’s position in the global jewellery market
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Photo source: Clovera / iStock
India is targeting US$100 billion in gems and jewellery exports by 2040, as the government seeks to shift the sector towards higher-value, design-led and technology-enabled products, as reported by ANI, a TV BRICS partner.
The target was outlined at a government-led consultation on a 2040 roadmap for the gems and jewellery sector, where officials identified innovation, skilled talent, global market access and greater value addition as key priorities for future growth.
India’s gems and jewellery exports stood at around US$28 billion in 2025–26. Reaching the 2040 target would require the sector to more than triple its export value over the next 14 years.
Commerce Secretary Rajesh Agrawal said the transformation would depend on building an ecosystem centred on innovation, design and consumer trust. He also highlighted the need to move beyond lower-margin manufacturing towards products with greater design and brand value.
The roadmap places particular emphasis on artificial intelligence, 3D printing and other advanced technologies to support product development and differentiation. Officials also called for stronger investment in skills and for making careers in jewellery craftsmanship more attractive to younger generations.
Another priority is to incorporate India’s cultural heritage and traditional design traditions into contemporary jewellery, strengthening the country's international identity and creating products with higher added value.
The government expects the sector to account for 1.2 per cent of India's GDP and 14 per cent of merchandise exports by 2040 if the proposed transformation is achieved.
Five priority areas were identified during the discussions: expanding access to global markets, scaling up small and medium-sized enterprises, streamlining export and import procedures, promoting the "Crafted by India" concept, and developing next-generation talent and design capabilities.
The initiative comes as India seeks to strengthen its position across the global gems and jewellery value chain by increasing domestic value addition and expanding exports of finished and design-led products.
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