Page 20 - Bullion World Volume 4 Issue 9 September 2024
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Bullion World | Volume 4 | Issue 9 | September 2024
IGC 2024: Report on
Growth and Profitability
Trends of Indian Organised
Jewellery Sector
Mr K Srikumar, VP & Co-Group Head, Corporate Ratings, ICRA Ltd
Lending to the Sector Improving
• Gold jewellery sector's working capital-intensive nature requires constant funding.
• After initial lender scepticism post-2019, credit flow to the sector has improved.
• Increased transparency and better disclosure practices have enhanced the appeal of the sector for lenders.
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