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Below the Post budget Quote 2025 on The gems and jewellery sector by Suhani - Co-founder of Nishani, a jewellery brand

"The Union Budget 2025 offers a strong foundation for the growth of India’s jewelry and retail sector, with a particular focus on enhancing financial inclusion and digital infrastructure. The allocation of Rs 10.18 lakh crore for capital expenditure will drive connectivity and improve e-commerce platforms, which is great news for brands like Nishani. With our commitment to offering customizable jewelry, this will help us reach a broader audience and make personalized, high-quality jewelry accessible to more consumers across India and globally.

The budget’s emphasis on sustainability aligns with the growing demand for responsible luxury in the jewelry industry. The reduction of duties on critical raw materials will support the jewelry sector by making it more cost-effective to source sustainable materials. With consumers increasingly prioritizing eco-friendly practices, this move will help brands like Nishani integrate sustainability into their operations. Additionally, the government’s proposal for incentives for green manufacturing technologies offers us a great opportunity to continue building a sustainable supply chain while upholding the luxury standards that our customers expect.

Moreover, the push for MSMEs and ease of doing business, including the increase in the Credit Guarantee Scheme for Startups to Rs 20 crore, will provide new opportunities for growing jewelry brands. With India’s retail sector growing at a rate of 15-20% annually, Nishani is well-positioned to leverage these reforms to expand its footprint, both domestically and internationally, and contribute to India’s rise as a global hub for luxury jewelry."

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