Report on deployment of bank credit to G and J sector for the month of July 25 (Published in November 25)

Deployment of bank credit July, 2025

 Bank credit deployed as on July’25  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- Sectoral Deployment of Credit Bank credit deployed as on July - 2025 3,000 3,100 3,200 3,300 3,400 3,500 3,600 3,700 3,800 3,900 4,000 Jul-23 Jul-24 Jul-25 INR Crores in '000 Credit deployed to the all industries 78 80 82 84 86 88 90 92 94 Jul-23 Jul-24 Jul-25 INR Crores in '000 Credit deployed to the G&J Sector* *Deployment of credit pertains to the entire G&J sector not limited to SEZ, export or domestic markets. The Gem & Jewellery Export Promotion Council |Published in Nov ’25 15% -2% 10% 6% 11% 6% -4% -2% 0% 2% 4% 6% 8% 10% 12% 14% 16% Jul-23 Jul-24 Jul-25 Change in Credit to Industry (YOY) Change in Credit to G&J Sector (YOY)

Source: Reserve Bank of India- Sectoral Deployment of Credit Monthly Movement in Deployment of Bank Credit 83 86 91 92 87 88 86 83 86 91 87 89 91 78 80 82 84 86 88 90 92 94 INR Crores in '000 Monthly o/s credit to the G&J Sector 3,722 3,756 3,802 3,774 3,813 3,854 3,875 3,875 3,937 3,895 3,882 3,933 3,948 3,600 3,650 3,700 3,750 3,800 3,850 3,900 3,950 4,000 INR Crores in '000 Monthly o/s credit to all industries -2% -7% 1% -6% -6% -4% 2% -1% -1% 9% 5% 6% 10% 11% 10% 10% 6% 6% 5% 6% 6% 7% 7% 5% 5% 6% -10% -5% 0% 5% 10% 15% Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25

-7% 1% -6% -6% -4% 2% -1% -1% 9% 5% 6% 10% 11% 10% 10% 6% 6% 5% 6% 6% 7% 7% 5% 5% 6% -10% -5% 0% 5% 10% 15% Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Change in credit to G&J Sector Change in credit to Industry The Gem & Jewellery Export Promotion Council |Published in Nov ’25

Source: GJEPC Analysis Export Performance of the G&J Sector 7.15 7.61 7.21 7.73 6.47 6.22 6.95 7.24 5.93 7.21 0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00 9.00 Q1 April to June Q2 July to September Q3 October to December Q4- January to March USD Billion FY 2024 FY 2025 FY 2026 The Gem & Jewellery Export Promotion Council |Published in Nov ’25

Source: GJEPC Analysis Commodity Wise Exports 22047.72 1680.29 9618.81 4390.23 15967.02 1402.44 11230.17 3686.22 13292.43 1267.28 11367.77 2743.58 3909.12 281.07 3665 611.95 0 5000 10000 15000 20000 25000 Cut & Polished Diamonds Worked LGD Gold Jewellery (Plain & Studded) Others USD Mn FY 2023 FY 2024 FY 2025 FY 2026 (provisional) The Gem & Jewellery Export Promotion Council |Published in Nov ’25

Source: GJEPC Analysis Import & Export Trends 37.74 32.29 28.67 8.789 25.9 22.42 19.61 7.189 0 5 10 15 20 25 30 35 40 FY 2023 FY 2024 FY 2025 FY 2026 [Upto July] USD Bn Export Import The Gem & Jewellery Export Promotion Council |Published in Nov ’25

32.29 28.67 8.789 25.9 22.42 19.61 7.189 0 5 10 15 20 25 30 35 40 FY 2023 FY 2024 FY 2025 FY 2026 [Upto July] USD Bn Export Import The Gem & Jewellery Export Promotion Council |Published in Nov ’25

Source: GJEPC Analysis Export Performance vs Bank Credit Deployed 25% 40% 27% 25% 35% 37% 46% 35.61 25.5 39.57 37.72 29.7 26.87 8.789 8.78 10.16 10.62 9.45 10.36 10.06 4.07 0 5 10 15 20 25 30 35 40 45 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 [Upto July] USD Billion Industry Export Turnover Gross Bank Credit The Gem & Jewellery Export Promotion Council |Published in Nov ’25

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.

The Gem & Jewellery Export Promotion Council For any information contact: Mr. Sudhir Patil Manager – Trade Policy & Projects Tel :+9122 4226 3600 ho@gjepcindia.com | www.gjepc.org