Reader’s Response: Impact of budget 2017 on the jewellery industry

                                                         Rural India to gain

We knew that there would be no change in the basic custom duty on gold, because it is pending for GST. Overall it is a perfect budget considering the rural populace of India. Note that 75 per cent
of gold buying capacity lies in rural India.

Mukesh Mehta
Director, Mark Bangles Pvt Ltd,
Mumbai