India loves gold no doubt about it. From weddings to festivals, gold is part of our culture and emotions. But recently, Mukesh Ambani, chairman of Reliance Industries, made a strong statement that has sparked serious discussion across the country. He called India’s nearly $70 billion annual bullion (gold and silver) imports “unproductive”, saying this money could be used in much better ways to strengthen the economy.
This is not just a big businessman talking. It’s a reality check for all of us.
Why Ambani Is Worried About Bullion Imports
According to Ambani, when India imports huge amounts of gold, that money mostly sits idle in lockers. It does not create jobs, does not build factories, and does not help young people find work. Simply put gold shines, but it doesn’t grow the economy.
India imports most of its gold from abroad, which increases the trade deficit and puts pressure on the rupee. In desi terms, paisa bahar ja raha hai, par return kuch khaas nahi mil raha.
You can read more about Ambani’s remarks here:-https://www.perplexity.ai/page/ambani-calls-india-s-70b-in-bu-ffa1PbqNROaTGrDrkMhQrg�
https://www.perplexity.ai/page/ambani-calls-india-s-70b-in-bu-ffa1PbqNROaTGrDrkMhQrg�
Where That Money Could Be Better Used
Ambani believes that instead of locking money in gold, India should invest more in:
Manufacturing
Technology
Startups and MSMEs
Digital infrastructure
Skill development for youth
Imagine if even half of that $70 billion went into factories, AI research, or clean energy. Bhai, kitni jobs create hoti! This would help India move faster toward becoming a self-reliant economy (Atmanirbhar Bharat).
Government Steps and the Bigger Picture
Interestingly, Ambani’s comments come at a time when the Indian government is already pushing reforms to:
Boost employment
Support small businesses
Encourage local manufacturing
Schemes like Make in India and PLI (Production Linked Incentive) are trying to attract investment into productive sectors. Cutting down excessive gold imports fits perfectly into this vision.
For official economic policy updates, you can check:
What This Means for Common Indians
Let’s be honest Indians won’t stop buying gold overnight. It’s tradition, security, and emotional value rolled into one. But Ambani’s point is about balance.
If households also invest in:
Mutual funds
Equity markets
Small businesses
New-age tech companies
then money starts working. Paisa paisa kamaata hai, aur desh bhi aage badhta hai.
Final Thoughts: Gold vs Growth
Mukesh Ambani’s statement is not anti-gold; it’s pro-growth. He’s asking India to think long-term. Gold will always have its place, but an economy of 1.4 billion people needs factories, innovation, and jobs, not just shiny assets in cupboards.
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