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India's love for gold has done little for its economy and investors, BlackRock's Larry Fink says - TL;DR CNBC

India's love for gold has done little for its economy and investors, BlackRock's Larry Fink says

Publishing timestamp: 2024-03-27 01:30:08


Summary

BlackRock founder Larry Fink criticizes India's love for gold, stating that it does not benefit the economy or generate decent returns for investors. He emphasizes the importance of capital markets in improving economic standing. Despite India's high consumption of gold, recent record high prices may hurt demand. Indian stock markets have been performing well, with institutional investors positive on Indian stocks.


Sentiment: NEGATIVE

Tickers: .NSEI

Keywords: business newscnx nifty indexasia economy

Source: https://www.cnbc.com/2024/03/27/larry-fink-says-indias-love-for-gold-has-done-little-for-its-economy-.html


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