India Advisory Body Recommends the Country Discourage Gold Imports

Mineweb reported that India’s Economic Advisory Council wants India to focus less on gold imports and more on financial assets.

As quoted in the market news:

The Council made the recommendation in its review of the economy that the government discourage gold purchases and instead provide incentives for investment in financial assets because gold accentuates the current account deficit and hence, import of the yellow metal is unsustainable.

Click here to read the full Mineweb report.