India's jewelry retail sector has surged to USD 80 bn from USD 50 bn in 2018

New Delhi [India], June 19 (ANI): India's jewelry retail sector has surged to USD 80 billion (Rs 6400 billion) in the financial year 2024 from USD 50 billion in 2018, according to a report by Motilal Oswal Financial Services.

The report highlighted multiple drivers that led to the rapid growth of the industry, including rising disposable income, an improving mix for regular wear of jewelry, enhanced product offerings (des