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INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016 Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI) |
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| Paper Title: | IMPACT OF GLOBALIZATION ON GOLD ORNAMENT MARKET IN INDIA: AN OVERVIEW |
| Authors Name: | DR VIJAY KUMAR |
| Download E-Certificate: | Download |
| Author Reg. ID: |
IJNRD_184832
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| Published Paper Id: | IJNRD2212324 |
| Published In: | Volume 7 Issue 12, December-2022 |
| DOI: | |
| Abstract: | India plays a very significant role in world's gold ornament market, equally as a source and a consumer. The size of the Indian gold ornament market is the largest in the world, second only to the US market, followed by China, Japan and Italy. India is known to be the largest consumer and fabricator of gold in the world. Indian designers have made a mark on the world gold ornament scene and won recognition for design development as well. The phenomenal growth in gold ornament exports is a record among the large Indian exports sectors. In fact, the gold ornament industry presents itself as perfect case study for discussing how to build competitiveness of Indian industries. The diamantaires and gold ornament markets and their devoted and skilled artisans have shown that even an unorganized sector industry can achieve international competitiveness. The Indian gold ornament industry was the first one to absorb and assimilate the true spirit of globalization by integrating itself with the world gold ornament industry. But still according to the reports of World Gold Council (WGC), India has tremendous potential, not yet exploited, for gold ornament exports. India has, in current, largest artisans for making gold ornament in the world. Practically, every village boasts of a family of goldsmiths, having a very long tradition of gold ornament making. Indian hand-made gold ornament has a large ethnic demand in several countries sizeable Indian emigrant population such as the Middle-East, South-East Asian countries, USA, Canada and so on. Indian machine-made gems and gold ornament products will also generate demand from non-ethnic gold ornament markets abroad. Thus the need of the hour is to create fusion of Indian and Western fashion. |
| Keywords: | phenomenal growth in gold ornament exports; diamantaires; World Gold Council (WGC) |
| Cite Article: | "IMPACT OF GLOBALIZATION ON GOLD ORNAMENT MARKET IN INDIA: AN OVERVIEW", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.7, Issue 12, page no.d224-d227, December-2022, Available :http://www.ijnrd.org/papers/IJNRD2212324.pdf |
| Downloads: | 000118753 |
| ISSN: |
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016 An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator |
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Published Paper ID:IJNRD2212324 Registration ID: 184832 Published In: Volume 7 Issue 12, December-2022 DOI (Digital Object Identifier): Page No: d224-d227 Country: MADHUBANI, BIHAR, India Research Area: Commerce Publisher : IJ Publication Published Paper URL : https://www.ijnrd.org/viewpaperforall?paper=IJNRD2212324 Published Paper PDF: https://www.ijnrd.org/papers/IJNRD2212324 |
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ISSN: 2456-4184
Impact Factor: 8.76 and ISSN APPROVED
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