The Gold Standard of Economic Woes: India's Unsettling Dependence on Precious Metals India's economic landscape is a complex and contradictory entity, marked by growth, stagnation, and peculiarity.
One thread that stands out in this intricate dance is the country's insatiable appetite for gold. According to veteran banker Uday Kotak, India's gross gold import bill could reach $88 90 billion by FY27.
This prospect poses a significant fiscal challenge and hints at deeper structural issues within the Indian economy.