In volume terms, the exports of petroleum products grew to 65.19 MT in April-October from 59.47 MT a year ago.
Apart from global prices that are driving gold imports, the reduction in basic custom duty on the metal to 6%, from 15%, also pushed shipments. In April-November, gold imports were up 49% to $49 billion. While gold imports were up, exports of gems and jewellery declined 26% to $2 billion, and in April-November, the decline was 10% to $19.2 billion. This suggests that the imported gold is largely being consumed locally, either for investments or jewellery.
Bu hikaye Financial Express Kochi dergisinin December 17, 2024 sayısından alınmıştır.
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Bu hikaye Financial Express Kochi dergisinin December 17, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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