India’s Forex Crisis: Gold duty hike, rupee pressure, EV import risks & corporate shake-ups

India’s decision to raise gold and silver import duties to 15% signals an aggressive attempt to protect the rupee and conserve forex reserves amid the West Asia crisis. This package explores the wider economic impact, from fears of rising gold smuggling and pressure on jewellery demand to concerns over EV-related imports and possible curbs under the Liberalised Remittance Scheme. The edition also tracks Vodafone Idea’s fresh fundraising push under Kumar Mangalam Birla, governance tensions within Tata Trusts, new BIS quality norms, Nazara Technologies’ gaming pivot, upGrad’s expansion plans, and Skyroot Aerospace’s growing global ambitions as India’s private space sector accelerates.