Pankaj Khanna, Founder & Managing Director, Khanna Gems Private Limited

1. The industry was expecting that the import duty on gold will be reduced but on the contrary it has been increased. This will have a damping effect on the entire Gems and Jewellery industry. The jewellery sales to tourists will also suffer because of high-cost.

2. Numerous majors have taken to enable MSE & MSME tap the organised market. The will help the industry to grow and enable new startups to make their presence felt.

3. The reduction of corporate tax from 30% to 25% will improve the plough back of profits and give the small and medium enterprises an opportunity to use their own resources to fund their growth.

Source : Equity Bulls

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