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Golden Resources

Indians are in love with gold to such an extent that it turns into a burden for India's budget.
India is the largest market for gold jewellery in the world.Gold import bill for the country should
reach 65 or even 100 billion US$ by 2015-2016.And gold imports could start to hurt India's
balance on current account.Such figures could even affect India's capability to import other
commodities which are much more relevant to it's economic development.The key to this issue
would be to offer to the population other investment options which would be secured by the State.
Otherwise it's obvious that this trend is not going to change overnight.

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