GST, weak demand, falling exports continue to hound branded apparel makers

Branded apparel manufacturers and retailers are yet to overcome the implications of the goods and services tax (GST) rollout in July. The tax reform had directly impacted the entire textile chain due to cascading burden. And post GST, poor consumer sentiment and falling exports have only made matters worse for the business. The September quarter results … Read more GST, weak demand, falling exports continue to hound branded apparel makers

GST impact! Massive stock clearance discounts on apparels, gadgets likely in December

Retail outlets are reportedly planning bumper year-end sales by December to clear their inventories before 2018 ends. Retailers might offer discounts up to 50 per cent on branded goods in light of restrictions on transitional credit under Goods and Services Tax, said a report by The Economic Times. As per the GST regulations, traders will … Read more GST impact! Massive stock clearance discounts on apparels, gadgets likely in December

Gems and jewellery exports down 7% in H1 of FY18 due to GST, gold policy

There has been a sharp decline in orders from Japan and Europe this year for India’s gems and jewellery. Data compiled by the Gems and Jewellery Export Promotion Council (GJEPC) says G&J net export declined 7.4 per cent to $16.8 billion in April-September, the first six months of this financial year, from $18.2 bn in the comparable period … Read more Gems and jewellery exports down 7% in H1 of FY18 due to GST, gold policy

Gems and jewellery exports down 7% in H1 of FY18 due to GST, gold policy

There has been a sharp decline in orders from Japan and Europe this year for India’s gems and jewellery. Data compiled by the Gems and Jewellery Export Promotion Council (GJEPC) says G&J net export declined 7.4 per cent to $16.8 billion in April-September, the first six months of this financial year, from $18.2 bn in the comparable period … Read more Gems and jewellery exports down 7% in H1 of FY18 due to GST, gold policy