India's Refiners, jewellery manufacturers and retailers say they could start cutting jobs after Deepavali in the first week of November as festive demand will have sucked supply dry and the government continues to curb import of gold - AFP Photo.
MUMBAI/SINGAPORE: Squeezed by government rules meant to curb a surge in gold imports, India's bullion industry is shrinking, with banks and others opting to redeploy personnel for now but possibly facing big job cuts in coming months.
Refiners, jewellery manufacturers and retailers say they could start cutting jobs after Deepavali, one of India's biggest festivals, in the first week of November as festive demand will have sucked supply dry.
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