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IBE Assignment 4

The document discusses precious metals exports from India which grew 6% in December 2020 to $2.49 billion. Precious metals contribute 4% of India's total exports and India is a world leader in diamond cutting and polishing, exporting 95% of the world's refined diamonds. The Indian jewelry industry is a major exporter and employer.

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Vipul Ghai
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30 views3 pages

IBE Assignment 4

The document discusses precious metals exports from India which grew 6% in December 2020 to $2.49 billion. Precious metals contribute 4% of India's total exports and India is a world leader in diamond cutting and polishing, exporting 95% of the world's refined diamonds. The Indian jewelry industry is a major exporter and employer.

Uploaded by

Vipul Ghai
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Product Chosen: Precious Metals

(HSN Code: 711319)


Precious Metals contribute 4% to total exports of India as per the 2018-2019 data
with a value of $ 12.94 billion.
India is the world's largest diamond cutting and polishing center and exports 95%
of the world’s refined diamonds.

The precious metals exports from the country grew by six percent to $2.49 billion
(Rs 18,199 crore) in December 2020, when compared with $2.35 billion in the
December of 2019.

The Indian jewelry industry is one of the leading exporters of the world,
contributing majorly to the country’s GDP and employing 5 million people.

OLI paradigm
O L I

FDI Y Y Y

Exports Y N Y

License + franchise Y N N
Export data

As the world is having more than 1 RCA, the market is preferable and we are able to
scale now.

Import data

Top 10 countries based on PNS data. (calculations are in attached excel).


Top 10 countries based on 2019 trade volume data

After analyzing the above 2 report data, 4 countries are common in both the report

Switzerland 16394339.3

United Arab Emirates 14800560.64

France 5851173.374

China 2122185.663

Based on 2019 trade data, Switzerland is preferable to market for us as it is having the
highest trade.

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