The Indian government’s policy response appears reactive rather than preventive, as higher gold import duties may fuel smuggling and increase reliance on recycled gold
Diversifying beyond the services sector and boosting investment in agriculture and manufacturing, especially processing industries, can help India attract stable and long-term FDI inflows
India should focus on expanding trade with developed countries rather than developing nations, leveraging its skilled and cost-effective labour advantage
Against a backdrop of inflationary pressures, unpredictable monsoon and dwindling govt expenditure, farmers turn to gold as a safeguard butthe recent surge in prices is adding to their woes
