Precious stones and gold jewelery are the second largest export in India.
Large corporates such as Tata export large quantities of value-added gold and precious stones.
By the year 2020, the spread of the disease around the world led to a sharp decline in exports of these precious stones and jewelery.
During the period 2021, the exports of these precious stones and jewelery grew exponentially.
India is a major source of foreign exchange for the export of gold jewelery and precious stones.
Exporters also get good profits.
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