MUMBAI, July 29 (Reuters) - India's gems and jewellery exports are expected to rise by 15 to 20 percent in the current fiscal year, the top official of an exporters' body said on Tuesday. "Every year it has been growing around that rate... this year also it will grow by 15-20 percent," said Sanjay Kothari, chairman of The Gem & Jewellery Export Promotion Council, at a press meet to announce a trade exhibition next month in Mumbai.
In fiscal 2007-08, net exports of gems and jewellery were at $20.9 billion, data from the Council showed.
Kothari said the global economic slowdown and high inflation would affect the business, but trade shows such as the one next month will "persuade people to increase their spending power." (Reporting by Ruchira Singh; Editing by Harish Nambiar)
Source by in.reuters.com
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