Submitted by Smaulgld:
2015 Indian Silver Imports were nearly six times larger than 2015’s record sales of American Silver Eagles and nearly 1/3 of the entire estimated 2015 global silver mining production.
In 2015, India imported over 8,500 tonnes of silver. This was up 20% from 2014’s 7,083 tonnes
India’s voracious appetite for silver is, as the Wealth Watchman puts it – gargantuan.
Here is a chart that gives some perspective as to the enormity of Indian silver consumption.