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
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 […]
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 […]
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) […]
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.
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.
. 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
