A $90 Billion trade deficit is no small matter.
If India has 3rd largest current account deficit worldwide, who is 2nd and 1st?
Never knew 52% of gold worldwide is utilised for making jewellery, only 18% kept in central banks and 18% ETFs', and 12% for industrial.
I know gold jewellery has huge cultural significance in India, don't understand why though. Shouldn't third world countries at least try to promote infrastructure and and industry rather than adornments? Not judging (much), just wondering why.
