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The Government of India closed the Sovereign Gold Bonds (SGB), but despite this, the government loan is increasing! It is estimated that by July 2024, government liabilities on SGB will reach ₹ 85,000 crore. There is still a liability of ₹ 1.12 lakh crore on the government, which will have to be repaid by February 2032. Was the biggest mistake of the government to launch SGB? The government suffered a huge loss due to 171% increase in gold prices and 15% import duty! In this video, know how the SGB scheme affected the government’s economic situation and what is its future!
