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India may see revival in jewellery exports: Trade secretary S. R. Rao

NEW DELHI: Jewellery exports from Indiaare likely to revive going ahead, Trade Secretary S.R. Rao said on Wednesday, adding government curbs on imports of non-essential items have been effective. 

India, the biggest buyer of 
bullion, has been trying to boost exports of jewellery and limit imports of gold -- its biggest non-essential import -- after the trade deficit surged to a record in the last fiscal year. 

India shipped out $2.68 billion worth of 
gold jewellery in value terms from April to August, down 59.4 percent on the year ago period, the Gems and Jewellery Export Promotion Council (GJEPC), a trade body, said on Sept. 24. 

The trade ministry is expected to announce financial incentives for jewellery exporters by end-October, Rao said on Sept. 27.