Jewelers in India Losing $150 Million a Day as Strike ContinuesBy
Shops shut since March 2 to protest excise tax in budget
Trade groups seek an increase in import tax in lieu of duty
Jewelers in India, the world’s biggest gold consumer after China, are estimated to be losing about $150 million a day as a shutdown to protest a proposed tax enters its second week, according to the All India Gems & Jewellery Trade Federation.
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