
Modi Calls for Austerity: Cut Gold Purchases and Foreign Travel as Iran War Strains India's Economy
Prime Minister Narendra Modi urged Indians to conserve energy and reduce spending on fuel, fertilizer, and travel to shore up India’s finances amid the economic fallout of the Iran war. He pressed citizens to buy less gold, have more solar-powered solutions, work from home, and use electric vehicles and carpooling to save foreign exchange as the rupee weakens and deficits widen, a move aiming to protect forex reserves amid Hormuz blockade and rising inflation.













