Impact of Increased Import Duty on Gold and Platinum in India

An analysis of the economic impact of increased import duties on gold and platinum in India.

Emma Thompson

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Impact of Increased Import Duty on Gold and Platinum in IndiaAnalyze the economic impact of the government's decision to raise the import duty on gold andplatinum from 4 percent to 6 percent. Discuss the implications on gold demand and supply, theGold Trade Exchange Fund (GETF) and Gold Deposit Scheme, and the equilibrium price andquantity in the gold market. Evaluate the effectiveness of the policy in moderating gold demandand its potential cultural impact in India.Word Count:1500 to 2000 words.

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Economics

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