Economy · India
India's Gold Lending Industry Projected for 28% Growth by FY28
India's gold lending industry is projected to grow at a compound annual growth rate (CAGR) of approximately 28% between FY26 and FY28, according to a report by Motilal Oswal. This growth is attributed to the formalization of credit and the low monetization of household gold holdings. The sector has surpassed personal loans to become the second-largest category in consumer lending.
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- Centre (2): The Economic Times, The Tribune