Gems and jewellery industry has a huge potential to contribute to India’s dream of becoming the manufacturing hub of the world. It has a big market size; is export oriented and labour intensive and its growth prospects are quite high. With a multiplier effect of 5.2 on employment, 4.22 on value added/income, 3.1 on indirect tax and 2.68 on output, all it needs is the right push.
Besides calculating the multiplier effect, this study identifies the growth drivers of gems and jewellery industry for short, medium and long terms; identifies the challenges and suggests what needs to be done to realise its full potential – extending ‘industry’ status to it, enabling growth of the organised sector within the industry, improving and implementing standards and rationalising import and tax policies etc. For more details of the report please visit http://www.assocham.org/publications.php or click on View Report.
For too long CSR in India had been left to non-directional, haphazard do-gooding; 'Governance' - the process through which decisions are taken - of CS
There are many positive ways for business to make a difference in the lives of the poor - not through philanthropy but though initiatives that, over time, will help build new markets.
Kofi Annan: World Economic Forum