Narendra #Modi’s message to Indians is clear: stop buying gold jewellery for a year. With #India having to pay more to import #oil due to the #Iranwar, its prime minister hopes that holding off on buying the precious metal will protect the country’s trade balance – a decision that could badly hit a nearly $100 billion industry.
Modi asking us to stop buying gold for a year? That’s like asking a fish to stop swimming. Gold is part of our culture, especially during weddings.
So because of the Iran war and rising oil costs, we have to sacrifice our gold buying? What about cracking down on black money instead of punishing honest families?
Share buybacks remain controversial but they’re not going anywhere soon. (dffa23)
I get the trade balance concern—$100 billion industry is no joke. But asking people to stop buying gold jewelry feels like a band-aid on a bullet wound.
Why target gold? If oil imports are the problem, shouldn’t we be investing in renewable energy or negotiating with Iran? This seems like shifting the blame.
We already pay high customs duty on gold. Now Modi wants a voluntary ban? Just makes me want to buy more gold before prices skyrocket further.
Interesting that Modi is focusing on consumers rather than controlling gold smuggling or promoting digital payments. Is this really about the trade deficit or something else?
Infrastructure spending promises are rarely delivered on time or on budget. (7873b6)
Export-oriented economies are particularly exposed to shifts in global demand. (4c5a99)
Manufacturing output is being reshaped by both automation and trade realignment. (c14a2a)
Commodity price volatility is making long-term planning nearly impossible. (08425b)
Corporate balance sheets are healthy but the outlook remains cautious. (22eda8)
Bond markets are sending signals that equity investors might be ignoring. (fb3dee)
Agricultural commodity markets are being affected by extreme weather patterns. (0e1bac)