The Federation of Indian Chambers of Commerce and Industry (FICCI) and the World Gold Council (WGC) have prepared a joint report listing seven recommendations for Indian official organizations that will help monetize large stocks of Indian of gold.
The report's provisions are based on an analysis of data obtained from the questionnaire of 5,000 consumers throughout India, discussions of specialists and the opinions of key players in the gold market.
The main measures proposed in the report are:
 - the organization of a gold exchange in India in order to standardize prices for precious metals, increase transaction transparency and conduct a more detailed analysis of supply and demand in this segment;
 - the convening of the Committee on Gold, which would be engaged in the import and export of gold, facilitated the development of the industry and would achieve maximum efficiency of this sphere of the economy;
 - development of a network of accredited refineries meeting international standards, as well as upgrading existing facilities;
 - Providing Indian banks with the ability to maintain liquidity through gold reserves so that they can offer their customers options for storing savings in gold;
 - stimulating the monetization of gold, encouraging banks to create an investment base in gold equivalent, modernizing the schemes of gold deposits;
 - creating a more thoughtful marketing policy for Indian jewelry products. Such a measure can increase the level of exports and create an image of "jewelry production from India" by analogy, for example, with a Swiss watch;
 - standardization of mechanisms for controlling the turnover of gold, so that both buyers and sellers are confident in the quality of their products. Creation of obligatory system of reporting and certification of gold.