The Indian economy is the seventh
largest economy in the world by nominal GDP ($2.582 trillion Nominal,
October 2015) and the third largest by PPP ($8.427 trillion PPP, October 2015).
India is running a trade deficit. India
imports more than what it exports. India is the largest consumer of gold in the
world. India accounts for more than 30% of the global gold market. The amount
of production of gold in India is minimal and the need is met by imports. Gold
constitutes 12.50% of the total imports of India. India imports 26.10% of total
world production of gold.
