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India has weathered economic storms before. The question is whether it will meet this one with the same seriousness
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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
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The Prime Minister’s appeal for austerity reflects growing concern that the Iran conflict is emerging as an economic threat capable of driving up inflation, fuel prices and household costs across India
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India’s gold imports hit a record $71.98 billion in 2025-26 despite lower import volumes, driven mainly by soaring global prices and safe-haven demand amid West Asia tensions. Rising imports widened India’s trade deficit, prompting Prime Minister Narendra Modi to urge austerity and postpone gold purchases
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Industry experts backed Prime Minister Narendra Modi’s appeal to avoid non-essential gold purchases, saying it would help conserve foreign exchange reserves. They also urged revival of the Gold Monetisation Scheme to protect artisans, reduce imports and improve India’s macroeconomic stability
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New Delhi: India’s gold imports, which have a bearing on the country’s Current Account Deficit (CAD), rose 6.4 per cent to USD 12.9 billion during April-July this fiscal due to healthy demand, according to government data. The imports stood at USD 12 billion during the same period a year ago. In July 2022, however, imports […]
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New Delhi: India’s gold imports, which have a bearing on the country’s current account deficit (CAD), surged by about 73 per cent to USD 45.1 billion during April-February this fiscal on account of higher demand, according to official data. The imports stood at USD 26.11 billion in April-February 2021. In February 2022, however, imports of […]
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New Delhi: Gold imports, which have a bearing on the current account deficit, zoomed to $6.91 billion (Rs 51,438.82 crore) during April-May 2021 due to low base effect in the wake of the Covid-19 pandemic, according to data from the Commerce Ministry. Imports of the yellow metal had plunged to $79.14 million (Rs 599 crore) […]
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The surge in gold imports pushed India's trade deficit to $15.1 billion in April 2021 as against $6.76 billion a year ago.
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The decline in gold imports has helped in narrowing the country's trade deficit to USD 84.62 billion during the 11-month of the current fiscal, as against USD 151.37 billion a year ago.
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The decline in gold and silver imports has helped in narrowing the country's trade deficit, difference between imports and exports, to $42 billion during April-November 2020-21 as against $113.42 billion in the year-ago period.
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. The rise in imports can be attributed to the anticipated demand for the yellow metal along with gold jewellery during the occasions of Dhanteras and Diwali
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The company has invested Rs 2.5 crore already and will be investing another Rs 2.5-3 crore in further expansion
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Silver imports during April-September 2020 too dipped 63.4 per cent to USD 733.57 million (about Rs 5,543 crore).
