Tuesday, 14 May 2013

The Economic Times: Gold rush spooks economy as trade deficit surges to $17.8 bn

NEW DELHI/KOLKATA: India's gold rush spooked the economy again as frantic purchases in April widened the trade deficit to a disturbing $17.8 billion, but people queued up to buy even more coins and ornaments on an auspicious gold-buying festival on Monday, setting the stage for an even bigger gap between imports and exports.

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