Gold import shrinks 24% to $23 billion in Apr-Feb FY17
Sunday, April 9, 2017, 1:01 PM
India's gold import witnessed a fall of about 24% to $23.22 billion in April- February period of the last fiscal, which is expected to keep a lid on the current account deficit. Total import of the precious metal in the corresponding period of 2015-16 stood at $30.71 billion. Softening prices of gold in domestic and world markets could be the reason for the same.