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 news, cnx nifty index, asia economy,