Business/Economy-One Liners

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Business/Economy-One Liners

 

1-The domestic Gems and Jewellery market is expected to grow at a rate of compound annual growth rate (CAGR) of 13 per cent to US$ 80-85 billion mark by 2018.

2-India is the world’s largest gold consumer, and third largest diamond consumer, accounting for 29 per cent share and 8 per cent share respectively, of the total global consumption.

3-India exports over 95 per cent of the world’s processed diamonds.

4-The Indian Gems and Jewellery (G&J) sector provides employment to over 2.5 million and is home to over 300,000 gems and jewellery players.

5-The Indian Gems and Jewellery (G&J) sector is one of the largest in the world, contributing around 29 per cent to the global jewellery consumption

6-During April-August 2016, exports of agricultural and processed food products totalled US$ 6.4 billion.

7-India is the world’s second-largest producer of textiles and apparels, with a massive raw material and manufacturing base.

8-India is the largest cotton producer in the world (5,984 million kg production in FY 2015-16)

9-Fibre production in the country stood at 9 million tonnes (MT) in FY 2015-16, and is expected to touch 10 MT by FY 2017-18.

10-Fabric production in the country stood at 66 billion sq mts in FY 2015-16, and is expected to 69 billion sq mts by FY 2017-18

11-In the future, India’s apparel exports are expected to increase considerably. Total exports of textiles and apparel are expected to touch US$ 82 billion by 2021.

12-Textile exports from India stood at US$ 40 billion in FY 2015-16, contributing 15 per cent to the total export earnings of the country

13-The Indian handicrafts industry is fragmented, with more than seven million regional artisans and more than 67,000 exporters/export houses promoting regional art and craftsmanship in the domestic and global markets.

14-Handicraft exports from India increased by 11.07 per cent year-on-year during April 2016-March 2017 to US$ 3.66 billion.

15-Indian handicrafts are exported across geographies, with the top 10 destinations being the US, the UK, the UAE, Germany, France, Latin American countries (LAC), Italy, the Netherlands, Canada and Australia.

16-Total export of handicrafts from India grew by 11.07 per cent to US$ 3.66 billion in FY 2016-17

17-Being labour-intensive in nature, the Sports industry provides employment to more than 500,000 people.The domestic industry exports nearly 60 per cent of its total output.

18-In 2014–15, the UK, the US, the UAE, Australia, South Africa and Germany were the major export markets for Indian sports goods.

19-For the 2014 FIFA World Cup in Brazil, Jalandhar supplied 80,000 soccer balls, whereas Meerut supplied training and practice kits such as free-kick dummies, corner flags, cone markers and linesmen flags.

20-The Sports Goods Export Promotion Council (SGEPC) represents the leading 200 manufacturers and exporters of sports goods and toys in India.

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