Finance Minister Nirmala Sitharaman had in the 2022-23 Budget announced implementation of a simplified regulatory framework to facilitate export of jewellery through e-commerce
Outbound shipments touched an all-time high of $40 billion in a month in March 2022
The outbound shipments during February 15 to February 21 grew by 26.87 per cent to $9.02 billion as compared to $7.11 billion in February 15 to February 21 last year.
Imports during the month too grew by 56.14 per cent to $60.62 billion
Imports during the month too jumped by about 35 per cent to $55 billion
In March 2021, exports stood at $35.26 billion.