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Indian households said to spend 8% of daily consumption on gold jewellery and coins
From The Times of India, Mumbai
Wednesday, December 10, 2014
KOLKATA, India -- An Indian household spends 8 percent of its daily consumption on gold jewellery and coins, which is only marginally behind medical expenses and education, according to a joint report by industry body Ficci and the World Gold Council.
This startling revelation comes at a time when India's current account deficit has widened sharply to $10.1 billion, or 2.1 percent of GDP, in the second quarter of Fiscal Year 2015 due to high gold imports. ...
... For the remainder of the report:
http://economictimes.indiatimes.com/markets/commodities/indian-household...
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