Case Solution & Analysis for The Economics of Gold: India’s Challenge in 2013 by Rajesh Panda, Madhvi Sethi.
Complete Case details are given below :
Case Name : The Economics of Gold: India’s Challenge in 2013
Authors : Rajesh Panda, Madhvi Sethi
Source : Ivey Publishing
Case ID : 9B16N009 / W16170
Discipline : Finance
Case Length : 10 pages
Plagiarism : NO (100% Original work)
Description for case is given below :
On June 13, 2013, an online news portal reported on a press conference at which India’s finance minister urged Indians to refrain from buying gold. India was facing a huge economic challenge. Its account deficit had hit a record high of 6.7 per cent of its gross domestic product. This increase was attributed to rising gold imports and was a major cause of concern for the Indian finance minister and the governor of the Reserve Bank of India, India’s central bank. This crisis raised some questions that had come up before: Why was gold such an obsession in India? Why was it seen as a good investment? How could the country’s financial leaders address this situation?
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