Opportunity in gold

Open the link below to read my letter on "Opportunity in gold" published* in The Hindu Business Line on July 9, 2019:
M G Warrier

*Submitted version copied below:                 
July 8, 2019
Opportunity in gold
This refers to the article “Mature Budget, but with grey areas” (HBL, July 8). Though Himadri Bhattacharya has covered a wide range of aspects relating to investment and growth relevant in the context of "Target $5 trillion economy", perhaps consciously, a reference to the huge untapped domestic resources India is fortunate to own, has been avoided.
The time is opportune to mainstream and monetize part of the domestic gold stock lying idle with individuals and institutions. Similarly, the economic potential in real estate in the form of land and buildings in Indian cities owned by Central and state governments is huge. 
There is no denying that the two categories of assets mentioned here are linked to people's emotions and nation's heritage. Still, one feels, some sacrifices, here and there, are worth considering, if that will save the nation from permanent indebtedness and put India on the right growth path.
M G Warrier, Mumbai  


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