Gold in India has a special place apart from just an instrument of investment. Indians have a sentimental connection with gold. This is the reason that the gold imports of India show no signs of reduction in spite of all the measures like increase in the import duty. This is worsening the situation of Current Account Deficit (CAD) for the country. CAD is one of the major problems that India is facing today and hence not able to achieve the growth as expected. The depreciating rupee is worsening the situation further. So gold imports are now becoming a problem for the country though they are adding to the assets of the citizens of India. Thursday 18 July 2013
ARTHNEETI JUNE 2013 ISSUE
Gold in India has a special place apart from just an instrument of investment. Indians have a sentimental connection with gold. This is the reason that the gold imports of India show no signs of reduction in spite of all the measures like increase in the import duty. This is worsening the situation of Current Account Deficit (CAD) for the country. CAD is one of the major problems that India is facing today and hence not able to achieve the growth as expected. The depreciating rupee is worsening the situation further. So gold imports are now becoming a problem for the country though they are adding to the assets of the citizens of India. 
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