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9780143476412 68569da2b9929c42ce110d51 The Power Of Gold The Indian Economy, Trade And Finance https://www.midlandbookshop.com/s/607fe93d7eafcac1f2c73ea4/68569da3b9929c42ce110d59/71lcm32dj1l-_sy342_.jpg
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 behaviour, while regulatory enhancements are tackling issues in refining, recycling and trading activities. Nonetheless, challenges such as smuggling, infrastructural deficiencies and fragmented industry dynamics continue to infest the industry, as the 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 industry. Through targeted reforms and improved market structures,
India has the potential to harmonize its ancient veneration for gold with contemporary socio-economic ambitions.
 

Review

‘A timely and deeply insightful work, The Power of Gold decodes India’s complex relationship with gold through a brilliant blend of history, economics and policy. Professor Sundaravalli Narayanaswami offers a visionary road map to transform this age-old asset into a strategic economic tool. A must-read for policymakers, investors and anyone seeking to understand India’s economic future’ - Suresh Prabhu, Bloomberg New Economy Advisory Board member, RegulatingAI; board member, Global Board Member of World Agriculture Forum; ten federal cabinet minister portfolios, Government of India; six times member of Parliament; chancellor of Rishihood University; visiting professor, London School of Economics

‘At a time when the demand for gold has spiked in the wake of geopolitical uncertainties, gold as a subject of study has come into focus now. This book is coming out at the most appropriate time. It is a learning tool for beginners who want to study gold, and it is also a good guide for policymakers. The tone is prescriptive at times, all of which may not be amenable. The book is certainly thought provoking and effectively highlights the need for policy interventions in gold’ - Hasmukh Adhia, former finance and revenue secretary, Government of India, and chairman, GIFT City

‘To explain the value of gold to Indians is like instructing them how to use spices-it’s already second nature. Gold has an enduring grip on the Indian psyche, all due to our status, as the major trading nation for centuries in the past. It is, therefore, no wonder that our households hold over 30K tonnes valued at over US$2 trillion, even as our financial markets have grown in size and sophistication. Yet, it begs the question if our innate awareness has led to greater understanding of how gold can be integrated fully into the modern financial and digital
mainstream. Gold is often dismissed in economic conversations as sentimental, unproductive and its legacy trade practices posing risks, though it flows through every layer of the economy from kitchen cupboards to bank vaults.
‘The Power of Gold by Prof. Sundaravalli Narayanaswami offers well-researched insights into various aspects of the industry, its “silver” lining and how tradition can be blended with economic pragmatism to make gold a force in our growth story. This book makes an intere

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The Power Of Gold The Indian Economy, Trade And Finance

The Power Of Gold The Indian Economy, Trade And Finance

ISBN: 9780143476412
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  • ISBN: 9780143476412
  • Author: Sundaravalli Narayanaswami
  • Publisher: Penguin Business
  • Pages: 272
  • Format: Paperback
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Book Description

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 behaviour, while regulatory enhancements are tackling issues in refining, recycling and trading activities. Nonetheless, challenges such as smuggling, infrastructural deficiencies and fragmented industry dynamics continue to infest the industry, as the 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 industry. Through targeted reforms and improved market structures,
India has the potential to harmonize its ancient veneration for gold with contemporary socio-economic ambitions.
 

Review

‘A timely and deeply insightful work, The Power of Gold decodes India’s complex relationship with gold through a brilliant blend of history, economics and policy. Professor Sundaravalli Narayanaswami offers a visionary road map to transform this age-old asset into a strategic economic tool. A must-read for policymakers, investors and anyone seeking to understand India’s economic future’ - Suresh Prabhu, Bloomberg New Economy Advisory Board member, RegulatingAI; board member, Global Board Member of World Agriculture Forum; ten federal cabinet minister portfolios, Government of India; six times member of Parliament; chancellor of Rishihood University; visiting professor, London School of Economics

‘At a time when the demand for gold has spiked in the wake of geopolitical uncertainties, gold as a subject of study has come into focus now. This book is coming out at the most appropriate time. It is a learning tool for beginners who want to study gold, and it is also a good guide for policymakers. The tone is prescriptive at times, all of which may not be amenable. The book is certainly thought provoking and effectively highlights the need for policy interventions in gold’ - Hasmukh Adhia, former finance and revenue secretary, Government of India, and chairman, GIFT City

‘To explain the value of gold to Indians is like instructing them how to use spices-it’s already second nature. Gold has an enduring grip on the Indian psyche, all due to our status, as the major trading nation for centuries in the past. It is, therefore, no wonder that our households hold over 30K tonnes valued at over US$2 trillion, even as our financial markets have grown in size and sophistication. Yet, it begs the question if our innate awareness has led to greater understanding of how gold can be integrated fully into the modern financial and digital
mainstream. Gold is often dismissed in economic conversations as sentimental, unproductive and its legacy trade practices posing risks, though it flows through every layer of the economy from kitchen cupboards to bank vaults.
‘The Power of Gold by Prof. Sundaravalli Narayanaswami offers well-researched insights into various aspects of the industry, its “silver” lining and how tradition can be blended with economic pragmatism to make gold a force in our growth story. This book makes an intere

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