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India's gold loan market set for rapid growth amid rising prices; unorganized sector holds 63% share: PwC
Update / Judgement Date
25 Aug 2024
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
India's gold loan market is experiencing significant growth due to rising gold prices and increasing consumer demand. The unorganized sector, which holds a substantial 63% market share, is expected to drive this expansion. PWC's analysis highlights the market's potential, influenced by economic factors and consumer behavior trends. The report emphasizes the need for regulatory oversight and structured growth to manage risks associated with the sector's rapid expansion.