Union Budget 2026-27: Gems, jewellery sector seeks duty rationalisation, GST cut

Budget 2026 Wishlist: India's gem and jewellery industry is pushing for significant changes in the upcoming Union Budget. The sector wants lower taxes and simpler procedures to compete globally. Proposals include reducing GST on gold and silver jewellery and streamlining customs. These reforms aim to make Indian exports more cost-effective and attract foreign buyers.