Economic Warning! Chidambaram On Why Gold Imports Are Draining India’s Foreign Reserves

In an explosive India Today exclusive, former Finance Minister P. Chidambaram breaks down PM Modi’s latest austerity measures and the “hidden” economic crisis. With gold imports hitting a staggering $72 billion, draining nearly half of India’s foreign remittances- Chidambaram warns that the government is in a tight spot. While he supports curbing imports to protect foreign reserves and the current account deficit, he cautions against ignoring the “poor man’s investment.” Is the government shifting the burden to citizens? Chidambaram reveals why balancing national fiscal health with India’s golden obsession is the ultimate tightrope walk for the PM’s economic team.