Economix: India gold duty changed 8 times in 14 years. What this did to smuggling

'Since 2012, India has adjusted its gold import duty on eight occasions. Each modification was presented as a justified decision at the time. This pattern is the real story in the recent headlines concerning record gold prices and the introduction of a new 15 per cent duty. India’s fluctuating policy regarding gold imports has oscillated between rates of 2 percent, 10 percent, 6 percent, and 15 percent, with each adjustment announced with confidence and subsequently reversed within a few years.' Watch #Economix with ThePrint Consulting Editor (Economics) Bidisha Bhattacharya: --------------------------------------------------------------------------------------------- To read full report: https://theprint.in/opinion/economix/india-gold-duty-hike-smuggling/3010530/