India Unveils Ambitious Plan to Elevate Gold as Strategic National Asset
The World Gold Council has launched 'Swarnim Udaan 2047,' a multi-decade vision for India to elevate gold as a key strategic contributor. The report aims to position gold as a national asset that can strengthen financial resilience, exports, innovation, and responsible domestic value creation.
The roadmap includes five interconnected pillars: promoting 'Mine in India' by meeting 10-15% of annual gold demand through domestic mining; making India the world's #1 gold jewellery exporter; enabling greater financialisation of Gold to mobilise 10-15% of household gold into the formal financial ecosystem; reimagining gold jewellery for the modern consumer; and unlocking gold's potential as a strategic national asset and mineral.
The report proposes creating a National Gold Board and a Gold Innovation Centre to catalyse research, capability building, technology adoption, digitalisation, sustainability, and market development across the gold value chain. The World Gold Council believes that by bringing together policy reform, institutional coordination, and innovation, India can unlock greater value across the entire gold ecosystem.