14th International Gold Economic Forum, "Re-shaping India’s Gold Economy Towards Atmanirbhar Bharat

Invited Chief Guest:

Shri Pankaj Chaudhary, Hon’ble Minister of State for Finance, Government of India

 Special Address:

Ms. Sumita Dawra,  Special Secretary, Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, Govt. of India

Keynote Address:

Sanjay Lohiya, Additional Secretary, Ministry of Mines, Govt. of India

V S Sundaresan, Executive Director, Securities and Exchange Board of India

Radha Shyam Ratho, Executive Director, Reserve Bank of India

David Tait, CEO, World Gold Council

Gold is an integral part of Indian society and a foundation of wealth and savings in our country. India accounts for nearly one-third of the total world demand for Gold. Gems and Jewellery sector plays a significant role in Indian economy, which is contributing about 15 percent to India\'s total merchandise exports and employing over 4.64 million people. India’s gems and jewellery exports reached US$ 39.14 billion in 2021-22, a 54.13% rise from the previous year. India is deemed to be the hub of the global jewellery market because of its low costs and availability of high-skilled labour.  

At about 24,000 tonnes, Indian households hold the largest stock of gold in the world. The country has one of the highest saving rates in the world, estimated at around 30% of total income, of which about 10% is invested in gold. The Government recognizes that development of gold industry is an essential in upgrading India’s financial industry. Therefore, the Government has launched the Gold Monetisation Scheme and Sovereign Gold Bond Scheme & implemented hallmarking scheme to protect the consumer in purchasing gold jewellery of requisite purity, develop export competitiveness and make India a leading market for gold jewellery in the world.   

However, Gold imports, which have a bearing on the country\'s current account deficit (CAD), rose by 22.58 per cent to USD 34.6 billion during 2020-21 due to increased domestic demand. Therefore, in the light of changing consumer preferences and res-setting globalization, there is need for next phase of reforms towards Atmanirbhar Bharat and making India a market maker in gold economy. In order to discuss these aspects further, ASSOCHAM is organizing ‘14th International Gold Economic Forum’ at 10:00 a.m. on November 17, 2022 at Hotel Shangri-La in New Delhi. There will be a large participation by the stakeholders including the Government, Reserve Bank of India, Bullion Banks, Bullion Industry, Commodity Exchanges, Mining and Refining, Technology Providers and Investors, etc. 

In view of the importance of the subject, we would request you to kindly participate in this important Conference and also nominate your colleagues to attend the same. We would also request your organization to be the PARTNER / SPONSOR for the conference as per details enclosed for your kind reference.