Gold sales volume dropped by a quarter this Dussehra to 18 tonnes due to sharply higher prices, despite a 30-35% increase in sales value. Consumers are increasingly exchanging old gold, which now accounts for over half of sales, and buying gold coins or bars as investments, anticipating further price stability.
Finance Minister Nirmala Sitharaman affirmed India's economic growth is firmly anchored in robust domestic consumption, blunting external shocks. Addressing the Kautilya Economic Conclave, she emphasized India's strong resilience and evolving economic leverage, urging developing nations to be active global participants. Sitharaman detailed strategic reforms driving growth, targeting 8% annually to achieve developed nation status by 2047.
Commerce and Industry Minister Piyush Goyal visited Singapore to strengthen trade and investment linkages. He discussed enhancing cooperation in innovation, digital connectivity, and sustainable development with Singaporean leaders, highlighting India's growth trajectory. Discussions also covered the MRO sector and deepening collaboration across manufacturing, infrastructure, and the green economy.
