India’s gold industry to create 25,000 jobs by 2030

News Snapshot:

Domestic gold production is expected to rise to 100 tonnes from 16 by 2030, eliminating the need for imports and saving $1.2 billion in foreign exchange reserves. The industry plans to reduce net imports by converting the value of imported finished gold to raw gold. The report, titled, ‘Framework to Strengthen India’s Gold Processing Industry: A Step in Building Gold Self-Reliance‘ predicts that investments in India’s gold processing and manufacturing sector will increase from Rs 1,000 crore in 2023 to Rs 15,000 crore in 2030. Similarly, employment in the sector is projected to grow from 3,000 to 25,000 workers. New...