There has been a recent studies which has been conducted called as the Assoc-ham study over Gold Rush. The gold rush in India which is happening the impact and the sustaining ability in countries like India. More than the annual budgeted expenditure outlay India imports more gold than any other country. The expenditure outlay of India involves water supply urban development and sanitation is over taken by gold imports.
More than China gold demand there is more demand for gold in Iona and is about 37.6% reports the studies. Even though the China Gross Domestic Product(GDP) is about 3.5 times of India’s GDP which is less. THE $14 trillion economy US which is about ten times than India when compared to countries like India. The gold demand of India is more than US by about five times even though US is ten times the size of Indian economy.
There is serious implications over the gold metal and developing countries need to be educated over the difficulties. In the global market place when there has been a lot of happenings in the global oil and in the rupee depreciation. Though the government of India is trying to come out of the glitter fever of gold through applying brakes. There are still many of the non-banking fin-ace companies which survive by lending money against the gold ornaments.