India Discusses Voluntary Gold Disclosure Scheme

The Indian government is considering a plan to ask people to voluntarily give up some of their gold.

This gold would be used to help the country save money on imports.

The idea is similar to a plan from the 1990s when the government asked people to give up gold to help the economy.

The government hopes this will reduce the amount of gold India needs to import, which is expensive and uses up foreign exchange.

However, some people are worried that the plan might not work well because they don't trust the government enough.

The government is also looking at other ways to make gold-related financial products more attractive.