India Diversifies Gold Imports Amid Tax and Trade Changes
India is shifting its gold import sources due to increased domestic refining capacity, tax incentives, and the India-UAE trade agreement. Switzerland's share of India's bullion imports dropped from 42.4% to 21.9% between FY21 and FY26, while the UAE's share increased from 10.8% to 16.5%, according to Crisil Intelligence.
Economic Times·




