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The Influence of the Gold Monetization Scheme on the Indian Financial System and the Indian Economy

Year: 2026

Type: article

Abstract: The Gold Monetization Scheme (GMS) was introduced to mobilize idle gold held by Indian households and institutions and bring it into productive financial use. This study examines the influence of the scheme on the Indian financial system and economy, focusing on awareness, perceived benefits, banking services, financial liquidity, and economic contribution. Primary data were collected from 100 respondents through a structured questionnaire and analyzed using percentage analysis. The findings indicate that awareness of the scheme is relatively high, respondents perceive positive banking and economic effects, and banking services receive favorable evaluations. However, limited awareness, procedural complexity, and trust concerns remain significant barriers. Keywords: Gold Monetization Scheme, Financial System, Indian Economy, Gold Mobilization, Banking Sector

Source: International Journal of Creative and Open Research in Engineering and Management

DOI: 10.55041/ijcope.v2i8.228

Authors: CHANDAPURAM DIVYA, DR INAGANTI BADE SAHEB

Topic: Banking Sector Performance and Management

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: hybrid

OpenAlex ID: W7204760927

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