The jewellery market in India is set to grow by USD 21.54 billion between 2022 and 2027 and register a CAGR of 5.54%, according to Technavio's latest market research report estimates. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. 

Factors such as the cultural significance of jewellery, rising disposable income, and technological advancements will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. The jewellery market in India is fragmented, and the degree of fragmentation will accelerate during the forecast period.

The market growth in the gold segment will be significant during the forecast period. The rising income levels of consumers have increased the demand for gold jewellery in India. Despite the development of alternative materials and designs, gold jewellery is still worn on special occasions and is a preferred investment option in India. As a result of these factors, the segment will witness maximum growth over the forecast period.