Income Tax 14 August 2026
India's Gem Exports Rise
India's gem and jewellery exports have increased by 2.44% to US$ 9.17 billion in April-July 2026, driven by a 21% surge in studded gold jewellery exports, following the introduction of a 15-year income tax exemption for foreign companies, aiming to boost foreign investment and exports in the sector
India's gem and jewellery exports have seen a significant increase of 2.44% to US$ 9.17 billion in April-July 2026. The rise is attributed to a 21% surge in studded gold jewellery exports. *Key factors contributing to this growth include*:
- A 15-year income tax exemption to foreign companies,
- Increased foreign investment in the sector.
The exemption aims to attract more foreign companies to invest in India's gem and jewellery sector, further boosting exports and economic growth.
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