KOLKATA, India -- An Indian household spends 8 percent of its daily consumption on gold jewellery and coins, which is only marginally behind medical expenses and education, according to a joint report by industry body Ficci and the World Gold Council.
This startling revelation comes at a time when India's current account deficit has widened sharply to $10.1 billion, or 2.1 percent of GDP, in the second quarter of Fiscal Year 2015 due to high gold imports. ...
... For the remainder of the report:
http://economictimes.indiatimes.com/markets/c...an-household...
