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India's gold holdings exceed global central bank reserves, potentially boosting GDP to $40 trillion by 2047.
India's household gold holdings have surpassed the combined reserves of the world's top 10 central banks, valued at an estimated $5 trillion according to industry body Assocham.
The report suggests that channeling just 2% of this gold into financial assets annually could add $7.5 trillion to India's GDP by 2047, potentially pushing the economy beyond $40 trillion.
This shift would involve monetization and gold-linked products to boost sectors like manufacturing and infrastructure.
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Las tenencias de oro de la India exceden las reservas mundiales del banco central, lo que podría aumentar el PIB a $ 40 billones para 2047.