How India that secretly airlifted gold after 1991 Gulf war compares to India amid West Asia crisis?

After the 1991 Gulf War, India had to "secretly" airlift 67 tonnes of gold as collateral to raise $600 million to deal with the aftermath, with forex reserves falling as low as $1.2 billion However, amid the West Asia crisis, India's forex reserves were at $700.95 billion on April 17. Moreover, India today has strategic petroleum reserves, unlike in 1991.

Load More