In 1991, India faced a major foreign exchange crisis. Since then, the term FDI, or Foreign Direct Investment, has become familiar to the general public. The primary role of FDI is to provide capital and stability to our economy. These investors bring in money from abroad, provide technology, and help strengthen the economy. In the last 10 years, FDI has brought in around 400 billion dollars. But now the question is, Can gold perform the same role?
In this article, we are going to discuss an interesting topic — gold and the Indian economy. Did you know that the gold stored in Indian households can, in a way, function like foreign direct investment (FDI)? Let me explain how, in simple terms. (To continue, open the magazine)