Mp Ahammed, Malabar Gold Urges Policy Continuity in Budget for Jewellery Growth

Mp Ahammed, Malabar Gold Chairman, stresses the need for policy continuity in the upcoming Union Budget to sustain growth in the jewellery industry. He points out that previous reductions in gold import duty have significantly boosted consumer demand, signaling strong market potential. The industry is now looking for tax relief measures to further increase disposable income and encourage spending on jewellery. Mp Ahammed also highlights the importance of enhancing the gold monetisation scheme to mobilize unused gold and reduce import dependency. Additionally, addressing inflation and strengthening infrastructure can create new demand centers across the country. Malabar Gold believes that consistent and supportive policies will not only drive consumption but also generate employment and improve market transparency. A well-structured budget can position India as a stronger player in the global jewellery sector while ensuring sustainable growth.