Published by Jewel News Desk on
The All India Gem & Jewellery Domestic Council (GJC) has expressed strong support for the Union Budget 2026-27, hailing it as a progressive step toward industry stability. Following the announcement, the apex body’s leadership highlighted that the budget’s focus on ease of doing business and MSME growth will provide the necessary confidence for the trade to flourish.
Mr. Rajesh Rokde, Chairman, All India Gem & Jewellery Domestic Council (GJC)
“The Union Budget 2026–27 reflects a stable and sensitive approach towards the Gems & Jewellery industry. The absence of any increase in customs duty or GST, continued policy certainty, strong MSME and cluster support, ease-of-doing-business measures, and litigation-reducing income-tax reforms together provide confidence to the trade and reinforce the Government’s recognition of our sector as a key contributor to employment, exports, and economic growth.”
Mr. Avinash Gupta, Vice Chairman, All India Gem & Jewellery Domestic Council (GJC)
“The Gems & Jewellery trade welcomes the Union Budget 2026-27. The absence of any increase in customs duty, combined with strong MSME support, improved access to finance, simplified income-tax compliance, and enhanced ease-of-doing-business measures, will enable jewellers across the value chain to plan confidently and focus on sustainable growth amid global uncertainties.”
As the industry begins to implement these new ease-of-doing-business measures, the focus now shifts to how MSMEs can best utilize the provided financial support and tax reforms. For more updates on the Union Budget and its impact on your jewellery business, stay tuned to Jewel Bharat.
