New trend in gold demand [ demand rising along side price increase ]–will likely escalate import bill –skew the trade balance and trigger foreien exchange outflows [2] Household savings invested in gold are stockpiled and locked out of the financial system [3] Further useful information is given in the editorial and also suggested are ways to tackle the issue–from long term perspective – Courtey BL

Continued [1] historically, bulk of India’s gold purchases has been from jewellery buyers looking to meet wedding commitments, or to use as collateral during distress.

*****West Asia crisis creates a need to reprioritise policies and fiscal spending: CEA Nageswaran – The HinduBusinessLine

Clipped from: https://www.thehindubusinessline.com/economy/west-asia-crisis-creates-a-need-to-reprioritise-policies-and-fiscal-spending-cea-nageswaran/article70921556.ece India enters this challenging phase from a position of relative strength, Nageswaran says Chief Economic Advisor V Anantha Nageswaran (right) in an interaction

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