Comments on: India’s love for gold and the government’s efforts to curb it – a timeline http://blogs.reuters.com/india/2013/06/28/indias-love-for-gold-and-the-governments-efforts-to-curb-it-a-timeline/ Perspectives on South Asian politics Thu, 02 Jun 2016 08:03:22 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Woman21 http://blogs.reuters.com/india/2013/06/28/indias-love-for-gold-and-the-governments-efforts-to-curb-it-a-timeline/comment-page-1/#comment-28457 Fri, 12 Jul 2013 17:14:28 +0000 http://blogs.reuters.com/india/?p=10003#comment-28457 I completely agree with the above comment. We need to increase our exports in order to counter such high import of gold. Gold is considered auspicious in our country. People buy it on several occasions especially marriage. You cannot expect people to stop buying it. It’s like an attack on an our tradition. People won’t pay heed to it. Govt has to work around it otherwise there will be smuggling of gold :)

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By: Krittivas http://blogs.reuters.com/india/2013/06/28/indias-love-for-gold-and-the-governments-efforts-to-curb-it-a-timeline/comment-page-1/#comment-28382 Sat, 29 Jun 2013 12:55:19 +0000 http://blogs.reuters.com/india/?p=10003#comment-28382 Well, somehow this gold-imports-CAD-gap bluff needs to be called. What is India’s CAD gap? It’s about $75 billion. What is India’s trade deficit with China? About $40 billion. What do we import from China? Gold? Fuel? Fertilizers? No. Yet India’s trade deficit with China accounts for more than half its CAD gap. Funny, no? So instead of going after gold, the government needs to look at boosting manufacturing to bring down the need to import white goods.

The government needs to look at the oil/fertilizer import lobby which has sought to make gold the scapegoat. And the government is falling for it!

Disclaimer: I am no lover of gold and own not an ounce :)

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