000			01211nam a22001457a 4500
999			_c524651 _d524651
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100			_aDeodhar, Satish _947876
245			_aGold is old: Noble metal in the Indian economy through ages
260			_aVikalpa: The Journal for Decision Makers
300			_a48(3), Jul-Sep, 2023: p.175-188
520			_aIndians have had a fascination for possessing gold since ancient times. I document the sacredness of gold, ancient references to jewellery, gold extraction and minting technology, its function as money and store of value, and specie inflow due to trade surplus with the Occident up until the medieval era. India’s gargantuan stock of about 28,000 tonnes of gold is hoarding and not savings. Today, gold demand is causing leakage from the circular flow of gross domestic product and trade deficit. Policy suggestions are made that will re-channel idle excess stock of gold into financial markets, reduce the trade deficit and contribute to gross domestic product growth. – Reproduced https://journals.sagepub.com/doi/full/10.1177/02560909231202362
773			_aVikalpa: The Journal for Decision Makers
906			_aGOLD (MONEY)
942			_cAR