India's Two New Gold Schemes Could Narrow CAD: MacquarieMani
The Gold Monetization Scheme (GMS) and Sovereign Gold Bonds Scheme (GBS) approved by the Indian cabinet on Wednesday will help narrow the country’s overall current account deficit, according to Macquarie analysts. Tanvee Gupta Jain notes in her Sept. 10 research report titled “India Insight” that the latest announcements are intended to channelize savings and investments in gold into financial assets.
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email email@example.com and we will get back to you as quick as humanly possible