Supporting PM Modi's call, IIFL Finance's Mayank Sharma believes recycling household gold is the fastest way to cut import bill
Sep 21, 2026
Mumbai (Maharashtra) [India], September 21: India's household gold stock, built over generations through weddings, inheritance and savings, holds the real answer to the country's import dependence on the metal, according to Mayank Sharma, President and Head, Gold Loans, IIFL Finance, who said "circulation" rather than "abstinence" should be the guiding principle of the country's gold economy.