India’s ₹8.6 Lakh Crore Gold Puzzle: Why Is Uday Kotak Warning About The Country’s Favourite Metal?
Mumbai: Veteran banker Uday Kotak has warned that India’s gross gold import bill could climb to approximately Rs 8.4-8.6 lakh crore in FY27, intensifying pressure on the country’s external finances as crude oil prices rise and the rupee weakens. Speaking at the Conference on Financing India’s Journey Towards Viksit Bharat, Kotak said India must find a practical solution to its gold imports. The…
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