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India has got a $5 trillion sleeping giant: Can govt wake it up?
India holds an estimated $5 trillion worth of gold in households and temples, yet continues to spend billions importing more every year. As pressure on the rupee and trade deficit mounts, the government is considering reviving the Gold Monetisation Scheme by involving jewellers to unlock idle gold and turn dormant household wealth into productive economic capital.
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economictimes.indiatimes.com
Jewellers may be louped in for idle gold mobilisation
The government is exploring a revamped Gold Monetisation Scheme, aiming to involve jewellers for the first time to tap into the vast amount of household gold. This initiative…
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India has got a $5 trillion sleeping giant: Can govt wake it up?
India holds an estimated $5 trillion worth of gold in households and temples, yet continues to spend billions importing more every year. As pressure on the rupee and trade deficit…
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timesofindia.indiatimes.com
New Gold Monetisation Scheme in the works: How government aims to reduce dependence on imported gold
New Gold Monetisation Scheme in the works? The government is evaluating a proposal to allow jewellers to participate in a revamped Gold Monetisation Scheme (GMS) as part of…