Report on deployment of bank credit to G and J Sector - October 2025

Deployment of bank credit October, 2025

 Bank credit deployed as on October’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 October - 2025 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 Jan’26 3,200 3,300 3,400 3,500 3,600 3,700 3,800 3,900 4,000 4,100 4,200 4,300 Oct-23 Oct-24 Oct-25 INR Crores in '000 Credit Deployed to All Industries 86 88 90 92 94 96 98 100 102 104 Oct-23 Oct-24 Oct-25 INR Crores in '000 Credit Deployed to the G&J Sector -10% -5% 0% 5% 10% 15% 20% 25% 30% Oct-23 Oct-24 Oct-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 3,802 3,774 3,813 3,854 3,875 3,875 3,937 3,895 3,882 3,933 3,948 4,002 4,081 3,700 3,750 3,800 3,850 3,900 3,950 4,000 4,050 4,100 INR Crores in '000 Monthly O/s Credit to All Industires 92 87 88 86 83 86 91 87 89 91 94 100 102 80 85 90 95 100 105 INR Crores in '000 Monthly O/s Credit to G&J Industry -8% -6% -4% -2% 0% 2% 4% 6% 8% 10% 12% Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Change in Credit to Industry (YoY) Change in Credit to G&J Sector (YoY)

% -6% -4% -2% 0% 2% 4% 6% 8% 10% 12% Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Change in Credit to Industry (YoY) Change in Credit to G&J Sector (YoY) The Gem & Jewellery Export Promotion Council |Published in Jan’26

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 2.97 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 Jult To September Q3 October to December Q4 January To March USD Billion FY 2024 FY 2025 FY 2026 (Upto Oct-25) The Gem & Jewellery Export Promotion Council |Published in Jan’26

Source: GJEPC Analysis Commodity Wise Exports 22048 1680 9619 4390 15967 1402 11230 3686 13292 1267 11368 2744 7276 681 6646 1662 0 5000 10000 15000 20000 25000 Cut & Polished Diamonds Worked LGD Gold Jewellery (Plain & Studded) Others USD in Millions FY 2023 FY 2024 FY 2025 FY 2026 (Upto October-25) The Gem & Jewellery Export Promotion Council |Published in Jan’26

Source: GJEPC Analysis Import & Export Trends 37.74 32.29 28.67 16.26 25.90 22.42 19.61 11.87 0.00 5.00 10.00 15.00 20.00 25.00 30.00 35.00 40.00 FY 2023 FY 2024 FY 2025 FY 2026 [Upto October] Amount in USD Billions Export Import The Gem & Jewellery Export Promotion Council |Published in Jan’26

0 5.00 10.00 15.00 20.00 25.00 30.00 35.00 40.00 FY 2023 FY 2024 FY 2025 FY 2026 [Upto October] Amount in USD Billions Export Import The Gem & Jewellery Export Promotion Council |Published in Jan’26

Source: GJEPC Analysis Export Performance vs Bank Credit Deployed 25% 40% 27% 25% 35% 37% 35.61 25.5 39.57 37.72 29.7 26.87 8.78 10.16 10.62 9.45 10.36 10.06 0 5 10 15 20 25 30 35 40 45 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 USD Billions Industry Export Turnover Gross Bank Credit The Gem & Jewellery Export Promotion Council |Published in Jan’26

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