The Covert Exodus of India’s Gold to Swiss Vaults: Truth Buried in Bullion?
🪙 In 1991, India was financially choking. With foreign exchange reserves barely covering two weeks of imports, the country was staring into an abyss. To avert a total economic collapse, the Indian government—led by Prime Minister Chandrashekhar and later P.V. Narasimha Rao—made a desperate and controversial move: pledging India’s gold...