The gems and jewellery sector is a significant contributor to India's GDP, accounting for 7.5% of it as of February 2021. Additionally, it contributes 14% to India's total merchandise exports. The sector is expected to employ around 8.23 million people by 2022, and the government has declared it a focus area for export promotion. The government has also undertaken various measures to promote investment, upgrade technology and skills, and allow 100% FDI in the sector under the automatic route. The recently signed Comprehensive Economic Partnership Agreement with the UAE is expected to boost the industry's exports by providing it with duty-free access to the UAE market.