The gold jewellery industry in India has not witnessed any significant growth in the last two years, particularly after demonetisation and GST, the national apex body of gem and jewellery said. Though majority of population of the older generation saw the precious metal as a long-time investment, the change in the lifestyle of the younger generation, who opted more for travelling and automobiles, has applied a brake on the jewellery business, chairman of Gem and Jewellery Domestic Council (GJC) Ananth Padmanabhan said.
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