The Gold Monetizaion Scheme – its impact on the Indian Banking System and the Indian Economy

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The Gold Monetizaion Scheme - its impact on the Indian Banking system and the Indian economy

The Gold Monetizaion Scheme – its Impact on the Indian Banking System and the Indian Economy

Introduction

India’s love for gold is well well-known and recognized. The country shares a unique relationship with gold that is both complex as well as enthralling. Gold in India finds universal acceptance across jewelers, traders and investors offering instant liquidity. The Gold Monetizaion Scheme – its impact on the Indian Banking mba finance project report. India is the world’s second-largest consumer of gold, and gold contributes significantly to the current account deficit. Much of the gold goes out of circulation and does not support economic activity. In 2015, the Indian government instituted the Gold Monetization Policy to encourage consumers to bring the gold back into circulation. The success of this policy is important to better manage the country’s current account balance in an environment where socio-cultural importance is held by gold consumption.

The research uses an empirical approach to analyze how different stakeholders approached the policy and offers suggestions for enhancing policy implementation. Apparently, maximizing the Gold Monetization Policy’s efficacy depends on a deeper understanding of customer experiences with and feelings about gold. The policy’s success also depends on understanding the obstacles that banks, refiners and other stakeholders face and motivating them to adopt this policy.

India: One of the largest consumers of gold Since thousands of years, gold has been an integral part of the Indian households. For many people, gold is equally viewed as a safe, protected investment; an exclusive way to preserve their wealth.

Name of the Project   : The Gold Monetizaion Scheme – its impact on the Indian Banking system and the Indian economy

Project Cost                : $ 35

Delivery Time             :  Within 48 hours

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