Economics
gold import duty
gold smuggling
India Bullion and Jewellers Association (IBJA)
Indian Rupee
Narendra Modi
Surendra Mehta
trade deficit
World Gold Council
India Hikes Duty on Imported Gold, Seeking to Bring Down Trade Deficit
In its attempt to relieve the pressure against the rupee, the Indian government announced on July 1 that it had hiked the duty on imported gold by five percentage points…