India is also giving Indian consumers an incentive to buy. Its July Union Budget slashed gold import duty from 15% to 6%. As we approach the late October festive season, the World Gold Council estimates India to register incremental consumer demand of at least 50t for the rest of this year...
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Does the opening of the IPO market in an emerging economy improve firms' access to finance? If so, does it increase incumbent business groups' advantage or foster new entry? We address these questions by studying firms' decision to go public in India. The availability of firm-level financial...