https://www.taxtmi.com/article/detailed?id=16428 India's economic stability is affected by heavy dependence on imported oil and gold, which weaken foreign exchange reserves, pressure the rupee, and increase inflation. The article explains that the government prefers regulation over prohibition in gold trade because strict controls previously led to smuggling, illegal markets, and black money. It also outlines policy responses such as customs duties, import restrictions, monetization schemes, sovereign gold bonds, energy diversification, and greater productive investment. en-us Sat, 16 May 2026 09:10:48 +0530 Sat, 16 May 2026 09:10:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=16428 India's economic stability is affected by heavy dependence on imported oil and gold, which weaken foreign exchange reserves, pressure the rupee, and increase inflation. The article explains that the government prefers regulation over prohibition in gold trade because strict controls previously led to smuggling, illegal markets, and black money. It also outlines policy responses such as customs duties, import restrictions, monetization schemes, sovereign gold bonds, energy diversification, and greater productive investment. Articles Customs - Import - Export - SEZ Sat, 16 May 2026 09:10:48 +0530 https://www.taxtmi.com/article/detailed?id=16428