Crude oil and gold will constitute 43% of India's import .this year.

[sehwag1830]

Total estimated import : 470 billion $
crude oil :142 billion $
gold : 58 billion $

 

[trackwhack]

Gold is ok, It is an investment and it is offset by the Foreign Remittances to India. Its almost like we are exchanging dollars for gold as we had about 55 billion in remittance last year and can expect the same the next year too. Gold is better than the dollar in the middle to long term.

It is the crude oil that hurts us really bad every year. If only there was more push to move away from an oil based economy. Our current investment drive in renewables is just not keeping pace with our growth. Nuclear is our only long term hope.

 

[Mad Indian]

Gold is ok, It is an investment and it is offset by the Foreign Remittances to India. Its almost like we are exchanging dollars for gold as we had about 55 billion in remittance last year and can expect the same the next year too. Gold is better than the dollar in the middle to long term.

It is the crude oil that hurts us really bad every year. If only there was more push to move away from an oil based economy. Our current investment drive in renewables is just not keeping pace with our growth. Nuclear is our only long term hope.

You are using(stealing) my idea here