"Depending on who wins the elections, we may see a change in the policies," said Joy Alukkas, chairman of Joy Alukkas Group.
"The existing rules were meant to reduce imports into India.
For a businessman who is active in the gold industry, I would like the new government to do whatever possible to reduce the duty.
"It would also be good if they can remove the import restrictions.
I feel the change in policy decisions will depend to a large extent on who is forming the government."said Alukkas