India’s higher gold and silver import duties squeeze jewellery demand - what it means for Titan
India has increased import duties on gold and silver to 15% from 6%, a move that is expected to weigh on investment-driven purchases and put short-term pressure on organised jewellery retailers such as Titan Company. Morgan Stanley warns of near-term sentiment and business headwinds for the industry, but argues Titan is structurally well placed bec…