In terms of precious metals, India's claim to fame has long been its status as the world's biggest gold consumer.aHowever, recent data released by both the World Gold Council (WGC) and the Indian government suggests that it won't be long before the country is known for its consumption of another precious metal: silver. a India's seat at the top of the gold consumption podium has been shaky for some time. At the beginning of last year, Gold Investing News reported that according to Marcus Grubb, managing director of investment at the WGC, China was likely to emerge as the largest gold market in the world for the first time in 2012. While that didn't happen, Grubb now believes that 2013 will be the year that China takes the lead. He told Bloomberg this July, "Chinaawill probably be the world's biggest gold consumer this year for the first time on an annual basis.aThat will be driven by both jewellery and investment demand. Jewellery will be the biggest overall demand segment, but investment will grow fastest." The other side of the equation is Indian silver demand, a topic first discussed by Silver Investing News (SIN) in July. At the time, SIN reported that as per Sprott Asset Management's Eric Sprott and David Franklin, India imported 2,400 metric tons (MT) of the white metal in the first five months of 2013, a significant figure given thataIndia's record for silver imports, in 2008, is 5,048 MT. Last week, Franklin was back with more silver import numbers from India. In an article published on October 8, he notes that the most current import data from the Indian government shows that India imported US$1.78 billion worth of silver during the second quarter, up a whopping 311 percent from the year-ago period. That means the country brought in 3,015 MT of the white metal in the first half of the year, "putting Indians on track to import more than 6,030 tonnes of silver this year."