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You are here: Home»World»South Asia»India considering curbing gold imports-finance minister

gold-400.NEW DELHI: India is considering raising the cost of gold imports, Finance Minister P. Chidambaram said on Wednesday, as part of efforts to curb the country's current account deficit, which widened to a record high of 5.4 percent of GDP in the September quarter.

 

A sharp rise in gold imports, a hefty oil bill and falling exports due to the global slowdown have kept India's current account deficit at persistently high levels.

Copyright Reuters, 2013


 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln