The Power of Gold: The Indian Economy, Trade and Finance - Paperback
The Power of Gold: The Indian Economy, Trade and Finance - Paperback
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by Sundaravalli Narayanaswami (Author)
The Indian gold market is a multifaceted and dynamic sector, intricately linked to the nation's culture, economy, and demographics. Structural transformations, including escalating GDP, an expanding middle class, and a youthful, economically engaged populace propel the growing demand for gold. Innovations such as digital gold and the growth of organized retail are transforming consumer behavior, while regulatory enhancements are tackling issues in refining, recycling, and trading activities. Nonetheless, challenges like smuggling, infrastructural deficiencies, and fragmented industry dynamics continue to infest the industry, as stakes are quite high.
Gold has seen a massive resurgence not only in India but around the world. This book covers the most essential facets of the Indian gold market. Through targeted reforms and improved market structures, India has the potential to harmonize its ancient veneration for gold with contemporary socio-economic ambitions.Author Biography
Prof Sundaravalli Narayanaswami is on the core faculty at IIMA and is also the Chairperson of the India Gold Policy Centre (IGPC) at IIMA.