A bold vision for the Indian gold industry: Swarnim Udaan 2047

Role of Gold in India’s Growth Story

India stands at the cusp of a transformative economic era. Anchored in the vision of Viksit Bharat 2047, the country is seeking to accelerate capital formation, strengthen manufacturing competitiveness, deepen financial markets, foster innovation and create sustainable livelihoods at scale. As India charts this next phase of development, it must identify and leverage strategic sectors and assets capable of contributing meaningfully to long–term national prosperity.

Among these, gold occupies a unique position. Beyond its cultural significance and role as a store of wealth, gold supports millions of livelihoods across the jewellery value chain, underpins a globally competitive manufacturing and export ecosystem, serves as a critical component of financial markets and is emerging as an important input into advanced industrial applications. As economies become increasingly technology–driven and focused on resilience, gold’s role is expanding from a traditional consumption and investment asset to a strategic resource capable of supporting growth, innovation and competitiveness.