Prime Minister Modi Urges Fuel and Gold Conservation Amid Economic Concerns
Prime Minister Narendra Modi has called on Indian citizens to exercise self-restraint in fuel consumption and gold purchases for the next year. This appeal comes in the context of India's significant import reliance on crude oil and gold, which heavily impacts the country's foreign exchange reserves. Modi's request is part of a broader strategy to conserve foreign exchange and mitigate the economic impact of rising international crude oil prices, which have surged to over $100 per barrel from less than $60 the previous year. The Prime Minister has suggested practical measures such as carpooling, using public transport, and reducing foreign travel to help conserve resources. The Indian government has also announced measures to restrict foreign tours of officials and promote energy conservation and digital meetings.