Articles 15th Jan 2026
With the Union Budget now approaching, focus has shifted to policy areas that require recalibration in light of economic realities and ground-level outcomes.
In this article, “𝗕𝘂𝗱𝗴𝗲𝘁 𝟮𝟬𝟮𝟲: 𝗧𝗶𝗺𝗲 𝘁𝗼 𝗿𝗲𝗮𝗹𝗶𝗴𝗻 𝗜𝗻𝗱𝗶𝗮’𝘀 𝗴𝗼𝗹𝗱 𝗽𝗼𝗹𝗶𝗰𝘆 𝘄𝗶𝘁𝗵 𝗲𝗰𝗼𝗻𝗼𝗺𝗶𝗰 𝗮𝗻𝗱 𝗰𝘂𝗹𝘁𝘂𝗿𝗮𝗹 𝗿𝗲𝗮𝗹𝗶𝘁𝗶𝗲𝘀” published in Fortune India, our Partner, Kumar Visalaksh and Associate Partner, Arihant Tater underscore the need to realign India’s gold policy, one that recognises gold’s unique cultural significance while addressing its economic implications.
The article cautions against an over-reliance on higher customs duties and aggressive enforcement, noting that such measures often prove counter-productive by encouraging smuggling and undermining the competitiveness of India’s gems and jewellery sector. Instead, the authors call for a more balanced framework: stable and moderate import duties, restrained use of anti-smuggling and anti-money-laundering laws in bona fide cases, a credible reboot of gold monetisation schemes through legal and tax certainty, and an update of personal baggage norms to reflect present-day realities.
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