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Impact of Gold Imports on Trade Deficit

Dated:- 18-3-2015 - India s gold imports reached all time high levels of US$ 56.5 billion and US$ 53.8 billion respectively during 2011-12 and 2012-13, which led to higher trade deficit of US$ 183.4 billion and US$ 190.3 billion in 2011-12 and 2012-1 .....

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trade deficit declined from US$ 190.3 billion in 2012-13 to US$ 135.8 billion in 2013-14. The Government has also taken a number of initiatives to boost exports and reduce imports, so as to reduce trade deficit and current account deficit. The Govern .....

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y, including import of gold coins/dore into the country. During 2014-15 (April-January), trade deficit increased only marginally by US$ 1.8 billion to US$ 118.4 billion as against US$ 116.5 billion for the corresponding period of previous Year. The 8 .....

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re than US$ 100 per bbl between April 2011 to August 2014. However, crude oil prices fell sharply from September 2014 and reached US$ 46.6 per bbl in January 2015. Owing to the fall in crude oil prices the oil import bill also came down, which has le .....

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