What is the story about?
Multiple
media platforms have described Prime Minister Narendra Modi’s recent appeal to conserve fuel, adopt work-from-home where possible, and reduce avoidable foreign-exchange outflows as “austerity measures.” That phrase is misleading as government is not implementing austerity measures which has negative economic connatations.Government Clarifies On 'Austerity'Austerity usually suggests budget cuts, reduced government spending, lower subsidies, and fiscal tightening. Modi government is not cutting capital expenditure, welfare spending, or subsidies.PM Modi’s appeal is not about spending less. It is about spending more wisely by reducing fuel consumption, avoidable dependence on imported goods and foreign-currency-intensive services.


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