Jewellery demand in India to contract in Q2 and Q3 of FY2023 on the back of tepid demand conditions due to factors including the recent hike in import duty on gold, high volatility in prices and lower disposable incomes in the hands of the consumers due to inflationary pressures, according to NSE 1.43 %. While demand is likely to contract by 8% YoY in Q2 FY2023, the contraction is expected to be higher at 15% in Q3 FY2022 due to the extraordinarily high base of Q3 FY2022, following the post-pandemic reopening of the economy and the substantially high demand in […]