Hyderabad, Feb 1 (TNT) Reacting to the Union Budget 2026–27 presented by Finance Minister Nirmala Sitharaman in the Lok Sabha on Sunday, the All India Gem & Jewellery Domestic Council (GJC) welcomed the government’s continued focus on economic stability, policy certainty and ease of doing business for the gems and jewellery sector.
In a statement, GJC Chairman Rajesh Rokde said the Union Budget reflects a “stable and sensitive approach” towards the industry.
“The absence of any increase in customs duty or GST, coupled with sustained policy certainty, MSME and cluster support, ease-of-doing-business initiatives and litigation-reducing income-tax reforms, will strengthen trade confidence and reaffirm the sector’s role as a major contributor to employment, exports and overall economic growth,” he said.
GJC Vice Chairman Avinash Gupta also welcomed the Budget, stating that the industry stands to benefit from continuity in taxation and enhanced institutional support.
“With no hike in customs duty, improved access to finance for MSMEs and simplified tax compliance, jewellers across the value chain will be better positioned to plan investments and pursue sustainable growth, even amid global economic uncertainties,” he added.
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