Will inflation-indexed bonds successfully drive away gold investors?

In order to cut the strain on India's current account deficit because of huge gold imports, the Finance Minister proposed inflation-indexed bonds, which we hear will be launched very soon. Experts, Moses Harding, executive vice president and head of ALCO and economic and market research at Indusind Bank; Harsh Roongta, CEO of apnapaisa.com; Uma Shashikant, managing director of Centre for Investment Education and Learning; Rajiv Bajaj, VC and MD of Bajaj Capital Ltd; Arvind Chari, senior fund manager of fixed income at Quantum AMC, and Dr. Devendra Pant, chief economist and head of public finance at India Ratings, discuss if these bonds will be able to drive away investors from gold, which is being bought as a hedge against inflation.