Report on deployment of bank credit to G&J sector- December 2025

Deployment of bank credit December, 2025

 Bank credit deployed as on December’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 December - 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 Feb’26

500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 Dec-23 Dec-24 Dec-25 INR Crores in '000 Credit Deployed to All Industries

20 40 60 80 100 120 Dec-23 Dec-24 Dec-25 INR Crores in '000 Credit Deployed to the G&J Sector* -10% -5% 0% 5% 10% 15% 20% 25% Dec-23 Dec-24 Dec-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 The Gem & Jewellery Export Promotion Council |Published in Feb’26 3,854 3,875 3,875 3,937 3,895 3,882 3,933 3,948 4,002 4,081 4,193 4,219 4,413 3,700 3,800 3,900 4,000 4,100 4,200 4,300 4,400 4,500 INR Crores in '000 Monthly O/s Credit to All Industires 88 86 83 86 91 87 89 91 94 100 102 103 110 80 85 90 95 100 105 110 115 INR Crores in '000 Monthly O/s Credit to G&J Industry -10% -5% 0% 5% 10% 15% 20% 25% Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Change in Credit to Industry (YoY) Change in Credit to G&J Sector (YoY)

stry -10% -5% 0% 5% 10% 15% 20% 25% Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Change in Credit to Industry (YoY) Change in Credit to G&J Sector (YoY)

Source: GJEPC Analysis Export Performance of the G&J Sector The Gem & Jewellery Export Promotion Council |Published in Feb’26 7.15 7.61 7.21 7.73 6.47 6.22 6.95 7.24 5.93 7.21 7.36 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 (Upto Dec-25)

Source: GJEPC Analysis Commodity Wise Exports The Gem & Jewellery Export Promotion Council |Published in Feb’26 22048 1680 9619 4390 15967 1402 11230 3686 13292 1267 11368 2744 8990 840 8669 2251.95 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 December-25)

Source: GJEPC Analysis Import & Export Trends The Gem & Jewellery Export Promotion Council |Published in Feb’26 37.74 32.29 28.67 20.75 25.90 22.42 19.61 15.47 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 December] Amount in USD Billions Export Import

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 Feb’26

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 Feb’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