9. WHY DO INDIANS BUY SO MUCH OF JEWELLERY?
For Making Jewellery.
Investment.
More Liquidity.
More safety.
10. INDIA & GOLD
India is one of the largest consumers of Gold
in the world & import as much as 800-1000
tonnes of Gold each year.
Gold imports in January has declined to 38
tonnes from 142 tonnes in April 2014.
In 2013-14, India has imported 845 tonnes.
Reduction in gold imports has brought down
the trade deficit to $,118.37 billion during
April-January this fiscal.
11. REASONS FOR FLUCTUATION OF GOLD
Central Banking buying.
Foreign exchange
Supply & Demand
Instability
Inflation
12. IMPACT ON INDIAN ECONOMY
Current Account Deficit.
Exchange rate fluctuation.
Inflation.
Devaluation of Indian Rs.