Why India’s Gold Fascination Worries The Government.

REUTERS/Rupak De Chowdhuri   India’s appetite for gold continues to drive global demand with October imports increasing to 148 tonne from 25 tonne in the same month last year. The Government now appears worried that demand may touch last year’s level of 975 tonne, and is planning to consider restricting shipments to protect the country’s … Continued

Blame Lower Current Account Deficit On Slowing Economy Too

  The good news is that India has brought about a drastic reduction in its frightening current account deficit (CAD) numbers.   The not-so-good news is that the drop did not happen only because of a curtailment of gold imports (by imposing duties).   Rather, it happened because of economic slowdown and a drop in … Continued