Gold imports in 2013-14 stood at 638 tonnes, a decline of 25% over the previous fiscal. The quantity of gold imported in 2012-13 was 845 tonnes and in 2011-12 it was 919 tonnes.
The value of gold imported was at Rs 2.28 lakh crore during 2011-12, Rs 2.45 lakh crore in 2012-13 and Rs 1.60 lakh crore in 2013-14.
High gold imports also pushed up the current account deficit as it rose to USD 88.2 billion or 4.7% of GDP in 2012-13. Through import curbs, the CAD has been brought down to USD 32.4 billion or 1.7% in 2013-14.
