Report on deployment of bank credit to G and J Sector - January 2024

The Gem & Jewellery Export Promotion Council |Published in Jan'24 Deployment of bank credit November, 2023  Bank credit deployed as on Nov'23  Monthly movement in deployment of bank credit  Monthly export performance of the G&J sector  Export performance vs Bank credit deployed

Source : Reserve Bank of India Credit deployed to the all industries Credit deployed to the G&J Sector* The Gem & Jewellery Export Promotion Council |Published in Jan'24 Bank credit deployed as on November- 2023

• Deployment of credit pertains to the entire G&J sector not limited to SEZ, export or domestic markets. 2,914 3,295 3,601

500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 Nov-21 Nov-22 Nov-23 INR Crores in '000 74.7 73.7 92.3

20.0 40.0 60.0 80.0 100.0 Nov-21 Nov-22 Nov-23 INR Crores in '000 13.1% 9.3% -1.2% 25.1% -5.0% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% Nov-22 Nov-23 Change in credit to G&J Sector (Y-O-Y) Change in credit to Industry (Y-O-Y)

Nov-21 Nov-22 Nov-23 INR Crores in '000 13.1% 9.3% -1.2% 25.1% -5.0% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% Nov-22 Nov-23 Change in credit to G&J Sector (Y-O-Y) Change in credit to Industry (Y-O-Y)

Monthly o/s credit to all industries Monthly o/s credit to the G&J Sector The Gem & Jewellery Export Promotion Council |Published in Jan'24 Source : Reserve Bank of India Monthly movement in deployment of bank credit 3,292 3,289 3,291 3,337 3,370 3,355 3,424 3,365 3,408 3,471 3,572 3,601 3,250 3,300 3,350 3,400 3,450 3,500 3,550 3,600 3,650 Aug-22 Dec-22 Mar-23 Jun-23 Oct-23 Jan-24 INR Crores in '000 77.6 75.2 75.5 77.7 77.9 77.2 80.2 84.7 92.9 90.4 98.3 92.3 70.0 75.0 80.0 85.0 90.0 95.0 100.0 Aug-22 Dec-22 Mar-23 Jun-23 Oct-23 Jan-24 INR Crores in'000 -0.1% -0.1% 0.1% 1.4% 1.0% -… 2.1% -1.7% 1.3% 1.8% 2.9% 0.8% 5.2% -3.1% 0.5% 2.9% 0.3% -0.9% 3.9% 5.5% 9.7% -2.7% 8.7% -6.1% -10.0% -5.0% 0.0% 5.0% 10.0% 15.0% Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Change in credit to Industry Change in credit to G&J Sector

Source : GJEPC Analysis The Gem & Jewellery Export Promotion Council |Published in Jan'24 Export performance of the G&J sector 10.21 10.33 9.28 2.46 10.43 8.86 10.25 2.52 7.61

7.15 2.26

2.00 4.00 6.00 8.00 10.00 12.00 Q2 - July to September Q4 - January to March Q1 - April to June November USD Billion FY 2022 FY 2023 FY 2024

6 10.43 8.86 10.25 2.52 7.61

7.15 2.26

2.00 4.00 6.00 8.00 10.00 12.00 Q2 - July to September Q4 - January to March Q1 - April to June November USD Billion FY 2022 FY 2023 FY 2024

The Gem & Jewellery Export Promotion Council |Published in Jan'24 Source : GJEPC Analysis Export performance vs Bank credit deployed 27% 26% 25% 40% 27% 40.97 39.7 35.61 25.5 39.57 37.72 11.17 10.37 8.78 10.16 10.62 9.45 0 5 10 15 20 25 30 35 40 45 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 USD Billion Industry export turnover Gross bank credit 25% *There are some marginal changes as compared to previous data with reference taken from GJEPC portal

The Gem & Jewellery Export Promotion Council |Published in Jan'24 For any information contact: Mr. Sudhir Patil Manager – Trade Policy & Projects Tel : +91 22 4226 3600 ho@gjepcindia.com | www.gjepc.org Disclaimer This report is prepared by The Gems and Jewellery Export Promotion Council (GJEPC) for general guidance and information purposes only and should not be reproduced or disseminated to others without the permission of The Gems and Jewellery Export Promotion Council. Though, every effort is done to confirm the accuracy and completeness of the data contained, the GJEPC takes no responsibility and assumes no liability for any error/ omission or accuracy of the report. Readers of the report should seek professional advice or arrive at their own judgement and conclusion before making any decision based on this report.