In Jewellery Market India is becoming extra aggressive because the HHI index in 2022 was 4573 while in 2017 it was 7150. Herfindahl Index measures the competitiveness of exporting countries. The vary lies from 0 to 10000, where a decrease index quantity represents a larger number of players or exporting international locations available in the market whereas a large index number means less numbers of gamers or nations exporting available within the market. India has reportedly relied more on home production to satisfy its rising demand in Jewellery Market.

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