#goldimports

India's Trade Deficit Expands Amid Surge in Gold Imports: Economic Outlook

India's trade deficit saw a notable increase in August, reaching $29.65 billion, up from $23.5 billion in July. This expansion was primarily driven by a sharp rise in gold imports, which totaled $10 billion—an astonishing 103.7% increase compared to the previous year. The surge in gold imports is linked to a reduction in customs duties, now set at 6%, which spurred consumers to stock up ahead of the festive season. Madhavi Arora, lead economist at Emkay, noted that while t

Business

27 Sep 2024 07:42 AM 1.36k views

India's Trade Deficit Expands Amid Surge in Gold Imports: Economic Outlook

India's trade deficit saw a notable increase in August, reaching $29.65 billion, up from $23.5 billion in July. This expansion was primarily driven by a sharp rise in gold imports, which totaled $10 billion—an astonishing 103.7% increase compared to the previous year. The surge in gold imports is linked to a reduction in customs duties, now set at 6%, which spurred consumers to stock up ahead of the festive season. Madhavi Arora, lead economist at Emkay, noted that while t

Business

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#goldimports

India's Trade Deficit Expands Amid Surge in Gold Imports: Economic Outlook

India's Trade Deficit Expands Amid Surge in Gold Imports: Economic Outlook

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Six injured in knife attack at Ufa university hostel, four Indian students among victims

Krishna Janmashtami 2025: Date, Puja Timings, City-Wise Schedules, and Rituals for Devotees

If your name sounds like an ice cream brand, you may get a free pint from Halo Top

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#goldimports

India's Trade Deficit Expands Amid Surge in Gold Imports: Economic Outlook

India's Trade Deficit Expands Amid Surge in Gold Imports: Economic Outlook

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