ET Deep Dive: Lock, Stock and Worry

India's locker economy is booming — and buckling. Bank vaults remain the default choice for storing gold, heirlooms and family documents, but chronic shortages, inheritance disputes and a trust deficit are cracking the system open. Private vault operators are muscling in with biometric access and extended hours. Home-safe manufacturers are selling the idea of keeping wealth closer. And regulators are struggling to keep pace. As gold prices soar and household wealth rises, the question of who safeguards India's physical assets has never been more urgent — or more contested. This is the story of India's locker economy, and the battle to control it. Lijee Philip reports, Anirban Chowdhury narrates. Listen in:See omnystudio.com/listener for privacy information.