Wednesday, 23 December 2015

A Comment on increasing trend of gold imports by India which is not good for our economy

My comment on an article "Gold imports likely to touch 1000 tonne this year, up 11%" published in the Dated 22/12/2015 at 11 pm.

"This is horrible. So much of gold imports means so much of funds outgoing from our country. 

If 1 kg. of gold is supposed to worth Rs.25 lacs, then imagine how much of money is going out. Hundreds of billions. What a horrible picture. 

There should be some measures to curb this. Running behind gold for all occasions should be restrained by people and use the money instead to invest in better options of income generating investments."

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