India, March 27 -- For a country that requires vast quantities of gold every year, India's domestic production has long remained surprisingly limited. That imbalance, however, could begin to shift as a new gold mine in Andhra Pradesh prepares to enter commercial production-marking a rare expansion in a sector that has seen little large-scale activity since Independence.

The upcoming Jonnagiri gold project signals more than just another mining operation. It represents a structural shift, particularly because it is being led by a private company at scale-something India has not seen in decades, according to a report by Business Standrad (BS).

India's modern gold mining journey has been defined by a handful of legacy operations. The Hutti ...