Sell 100 grams of gold to help India; Feroze Azeez makes the case

Feroze Azeez urges Indian households to sell 2-4% of their idle gold, valued at $4 trillion, to curb excessive imports. He frames this as financial patriotism, highlighting that selling gold near historic peaks is smart profit booking. This initiative aims to reduce the $75 billion annual import bill and bolster the rupee. The govt must facilitate this by temporarily removing capital gain tax on such sales.

Raccontata daeconomictimes.indiatimes.com