India’s gold output could rise multifold if hurdles removed – WGC

Customers check ornaments at a jewellery showroom during Dhanteras, a Hindu festival associated with Lakshmi, the goddess of wealth, in Mumbai, India November 2, 2021. REUTERS/Niharika Kulkarni

MUMBAI, March 17 (Reuters) – India’s annual gold production could surge to 20 tonnes from a mere 1.6 tonnes if the government removes bureaucratic hurdles and encourages investment in the sector, the World Gold Council (WGC) said in a report published on Thursday.

Reporting by Rajendra Jadhav; Editing by Subhranshu Sahu

Source: Reuters.