Скачать или смотреть The Dark Side of India’s Gold Obsession: An Economic Crisis in Slow Motion

The Dark Side of India’s Gold Obsession: An Economic Crisis in Slow Motion
India’s deep-rooted obsession with gold is often viewed as a symbol of tradition, wealth, and financial security. However, beneath this cultural fascination lies a serious economic challenge that is quietly impacting the nation’s growth.

In this video, we uncover the dark side of India’s gold obsession and explain how excessive dependence on gold imports is creating an economic crisis in slow motion. From rising current account deficits to weakened household investment in productive assets, gold’s dominance in Indian savings has long-term consequences.

India is one of the largest gold consumers in the world. While gold acts as a hedge against inflation, it also locks a significant portion of household wealth into non-productive assets, limiting capital flow into industries, startups, and job creation.
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