Uday Kotak warns India’s gold imports could reach $88–90 billion in FY27
AI Summary- Uday Kotak raised concerns about India’s rising gold imports at a financing conference.
- Gold imports could reach $88–90 billion in FY27, up from $72 billion in FY26.
- Piyush Chaudhry defended gold’s inflation-hedging role and cited corruption as a barrier to productive investment.