Gold is an important product among Indian consumers

For Indian’s gold is ornamental, an investment, a saving and much more

How much does gold and importing it affects the Indian economy

India imported about 850 tonnes of gold in 2014-15

India has a meagre 557.7 tonnes of gold reserve held with RBI, the 11th largest in the world

U.S has 8,133.5 tonnes of gold reserve the largest in the world

Among the gold that is imported

22,000 tonnes of gold is held by individuals in India, the largest gold reserve in the world

3,000 tonnes are held by temple trusts

Gold imports constitute about 28 % of India’s current account deficit or export-import imbalance

Indian government is keen to cash in on this ‘gold’en opportunity

Indian government has started gold depositing and bond options

Win – Win for government and people?

Gold in India

opinion |