India’s currency in circulation has surged to 42.3 trillion rupees, rising by more than Rs 610 billion in just 15 days of April. Withdrawals are up 12% in early April, the highest since the post-demonetisation period, raising alarms that persistent cash demand could strain banks’ liquidity conditions and affect monetary operations.
For the first time in India, investment demand for gold overtook jewellery consumption in the March quarter, hitting 82 metric tons versus 66 metric tons. The change is linked to muted equity market returns and rising gold prices, lifting gold’s share to 54.3% of total consumption as overall demand climbed 10.2% to 151 tons.
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Nearly every ocean shipment depends on steel containers, yet India long lagged behind China in this industry. Pandemic-era container shortages forced a shift, with domestic manufacturers improving quality and delivery. Now the bottleneck is scale and cost—whether India can compete with China on price while expanding output fast enough to meet demand.
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