Hyderabad: India is heavily reliant on bullion imports to meet its domestic demand. Over the five-year period 2016-2020, imports made up 86 per cent of India’s gold supply, while recycling accounted for 13 per cent and mining accounted for just one per cent. Since the first duty hike in 2012, India has imported some 6,581 […]
According to AS Mehta, President of IPMA, high cost of raw material coupled with significant increase in fuel cost and other inputs has resulted in a substantial increase in the cost of manufacture of paper and paperboard.
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.