Uday Kotak seeks panel as India’s gold import bill may hit $90 billion
- Uday Kotak has called for a dedicated committee to examine India’s rising gold import burden.
- He estimates India’s FY27 gold import bill could reach $88–90 billion, up from $72 billion in FY26.
- Kotak said India’s FY26 current account deficit was around $25 billion, while excluding gold, India had a surplus.
- He suggested examining how household gold wealth can support the economy while balancing people’s demand for gold.
Source: moneycontrol.com
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