[Download] ~ India's Demand for Gold: Some Issues for Economic Development and Macroeconomic Policy (Report) # by Indian Journal of Economics and Business ~ eBook PDF Kindle ePub Free
eBook details
- Title: India's Demand for Gold: Some Issues for Economic Development and Macroeconomic Policy (Report)
- Author : Indian Journal of Economics and Business
- Release Date : January 01, 2008
- Genre: Business & Personal Finance,Books,
- Pages : * pages
- Size : 345 KB
Description
Abstract India is the largest consumer of gold in the world. Gold is a major vehicle of saving for large number of low and middle income households in rural and urban areas. This study provides analytical and empirical perspectives while identifying the key drivers of India's gold demand during the period 1980-2005. Broadly, empirical findings suggest that India's gold demand is significantly influenced by real income and a set of variables pertaining to monetary, fiscal and financial sector policies such as interest rate, exchange rate, personal income tax, government spending to ease economic and social uncertainty and wealth (asset price), besides the relative price of gold. These findings have critical implications for development policy, financial intermediation and gold market in the Indian context.
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