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India’s ₹8.6 Lakh Crore Gold Puzzle: Why Is Uday Kotak Warning About The Country’s Favourite Metal?

India’s ₹8.6 Lakh Crore Gold Puzzle: Why Is Uday Kotak Warning About The Country’s Favourite Metal?
Photo: Free Press Journal · view original

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 Jou...

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