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Gold purchases and imports affecting India’s external account and foreign-exchange use.
The viral comparison is broadly grounded but simplifies 2013. Chidambaram argued that high gold imports were worsening a severe current-account deficit, and later government and RBI records said import curbs helped narrow it; in 2026 Modi invoked the same foreign-exchange mechanism amid a different oil-driven shock. The episodes show a recurring external-balance constraint and a…
CHECKOUT : Narendra Modi
UPDATED : 15 Sep 26 / 5:46 pm
No comments on India again turned to gold restraint in 2026; Modi’s 2013 attack overstated Chidambaram’s external-balance argument