Budget Reaction Quote by Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers

“We welcome the 2024 Budget’s progressive measures to reduce customs duties on gold, silver, and platinum. These changes, coupled with the government’s commitment to enhancing domestic value addition and craftsmanship, are poised to significantly benefit the jewellery industry, further contributing to the sector’s growth. 

The new tax regime, with its focus on increased disposable income will boost demand for jewellery as consumers will invest in asset creation. 

Kalyan Jewellers looks forward to leveraging these positive changes to further enhance the quality and global competitiveness of the organised Indian jewellery sector, contributing to the industry’s growth and India’s continued economic prosperity.” 

– Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers