Five steps to contain gold imports in India
Check on inflation, fiscal deficit
No decision will bear complete fruit unless the government controls macro economic factors like inflation and fiscal deficit. The main challenge before government is to first bring inflation to RBI’s comfort level of 5 to 6 percent.
Although headline inflation based on wholesale price index was at a three-year low of 6.62 percent in January but retail inflation still hovers at double digit (10.79 in January). The government should also work hard towards containing the ballooning fiscal deficit which directly hurts domestic currency. A weak rupee will also mean an escalation in price of gold and making the import gulf bigger.
Ajeet Kumar/Reema Sharma
Google Nexus 5
Apple iPad Air
Surface 2 and Surface Pro 2
Amazon Kindle Fire HDX
Five cars launched in India in August
Microsoft’s next CEO: Seven strong contenders
The Rupee fall — where it will hurt the most?
Introducing LG G2
On The Channel
Jobs With Us
Copyright © Zee Media Corporation Ltd. All rights reserved.