India’s gold reserves surpass 880 tonnes as trade diversification and GST reforms shape outlook

The Reserve Bank of India’s gold reserves have crossed 880 metric tonnes, reinforcing the country’s financial stability buffer amid global currency volatility. India continues expanding trade with Russia, focusing on pharmaceuticals and agricultural goods despite US-led geopolitical pressure. Economists expect inflation to decline further as GST rationalization measures take effect and domestic supply chains stabilize. Core sector growth slowed to 3% in September, led by weaker coal and oil output, though underlying consumption trends remain resilient.