Response From Chairman and Vice Chairman of All India Gem and Jewellery Domestic Council (GJC) on The Union Budget 2026-27

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.”