Inflation..! Biggest problem in India.!

Sowmiya Sriram
Inflation..! Biggest problem in India.!
The World gold Council has forecast that demand for precious gold in india will fall sharply this fiscal, based on the rise in gold prices and the unprecedented volume of gold imports recorded in the last fiscal year. With gold prices soaring since the onset of the corona pandemic, ordinary people have become unable to buy. It is in this context that the World gold Council has said that demand for gold in india will be lower, given the rise in prices and imports.
In this context, the report of this foreign brokerage firm states that indian households are more likely to invest in gold as a simple investment to mitigate the effects of inflation.
It says sales of gold and gold jewelry are likely to pick up. That means the impact of inflation has pushed up the prices of everything like a car, houses, real estate, etc. If you invest in this position there is no chance of getting a high return on compulsion in the long run. In this situation, most people are more likely to turn their investment in gold.
This is something that almost everyone thinks about. Investing in gold, which has plummeted significantly as prices of all manufactured and imported goods have risen by 5 to 10 percent due to rising prices, could be profitable. gold imports rose 33.34 percent to $ 46.14 billion at 837 tonnes in fiscal 2022.
 This is 1.5 times the data-size of fiscal 2021. They started buying more in 2022 when no one was buying because of the high price of gold during the Corona pandemic.
Similarly, the pre-Corona period was 12 percent higher than the average for the period 2016-2020. This has led to an increase in the current account deficit, affecting 3 percent of GDP.
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