On June 13, 2013, an internet news portal reported that India’s ministry of finance was urging Indians to refrain from buying gold. India was facing a huge challenge that was economic. This increase was a significant cause of worry for the governor of the Reserve Bank of India and the Indian finance minister and was attributed to growing gold imports, India’s central bank.
What relevance does gold have with Indian culture that makes Indians obsessed about it: some questions that had come up before were raised by this crisis? Was it seen as an excellent investment? How could the state’s fiscal leaders address this scenario?
An MBA student of Macroeconomics can use this in his or her first year course in order to attain the following aims:
To supply pupils with a historical standpoint of gold in India.
To help pupils understand the impact of demand that is gold on India’s trade balance and current account shortfall.
To shed light on the different dynamics in the commerce of gold in India as compared to the rest of the world.
Publication Date: 03/30/2016
This is just an excerpt. This case is about Finance
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