India’s gem and jewellery sector is amongst a group of five export sectors, which will now be reviewed regularly by the commodities division of the Indian commerce ministry, Diamond World reported.

The review is meant to gauge the effects of global developments on their activities. Should the need arise, the government would intervene in policy when global economic changes, like the Greek debt crisis, affect the sectors’ performances.

The five eligible sectors – gem and jewellery, textiles, pharmaceuticals, engineering and agriculture products – account for over 50% of India’s export earnings.

India’s trade suffered through the global financial crisis, and although it is now en route to recovery, the growth is short of the export figures reached in 2008, as reported. In April 2010, exports valued $16.9 billion, and in April 2008, it was worth $18.5 billion.