Gross enrolments of new subscribers with the ESIC were 1.49 crore during 2018-19, the National Statistical Office (NSO) said in a report.
However, organised jewellers are hopeful of good footfalls later in the day as many people are taking delivery of pre-booked orders.
India has jumped 14 places to rank 63rd in the World Bank's ease of doing business ranking index and the country aims to be within 50.
Industry bodies exuded confidence that India will climb the rankings further to be among the top 50 nations.
GDP expansion will pick up to 6.2 per cent in the next financial year (2020-21) and to 6.7 per cent in the year after.
Government has relaxed FDI norms in several sectors like single brand retail trading, contract manufacturing, and coal mining.
A modest overshoot in recent inflation outruns is outweighed by downside risks to RBI's growth estimates.
Growth can come back. Because of a lot of (reforms), economy is in transition, said SBI chief Rajnish Kumar.
Goyal also invited all companies to come forth with new and innovative technologies for the India Railways.
The report ranks 190 nations based on ten parameters, which includes ease of starting a business, construction permits among others.