Role of Gold in Current Account Deficit

The books gives an in depth analysis of gold demand and trade in India. India and China are the world’s biggest consumers of gold. Only a meager portion of gold demand is produced in India. The rest of the demand is met by imports from other countries. This book analyses the trend and direction of gold trade in India from a period of 1990 to 2018. It also highlights the impact of gold imports on trade deficit as well as current account deficit. The demand for gold in relation to other macro economic variables are analysed with the help of a model framework using co-integration tests.