As per the survey, India’s exports showed a year-on-year (YoY) decline in exports to the US during the period of April-November 2025, while registering positive exports growth to the world. India’s gems and jewellery exports to the US fell sharply, with the country’s share declining to 18.7% from 33.7% over the same period, contributing to a negative growth of 44.3%. In contrast, exports to the UAE and Hong Kong rose significantly, with their combined share increasing to 53.6% from 41.4%, accounting for 34.9% and 23.4% of India’s total gems and jewellery exports, respectively.
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