Impact of Economic Recession on Gems and Jewellery Export

Abstract

In this paper, the researcher analyses the impact of recession on the exports of gems & jewellery industry. For this purpose, the export data was collected based on pre- and post-recession period and analyzed the effect by the event study method. The optimum least square estimation shows how much the industry is being affected by the recession. The gems & jewellery export majorly depends upon the world economy. This is the only industry where there is no impact of world recession and growth. In contrast to this the exports volume and growth rate registered an increasing trend as a measure of good investment item.