Thursday, July 18, 2013
SIMSREE Finance Club
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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1 comments:
You just have so much guts to go ahead and tell it like it is.A very nice informational blog. Keep on making such important blog post.That's nice and useful blog site for all thanks .Ali mudeen
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