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Why PM Modi Wants Indians To Avoid Gold Purchases And Foreign Travel
| May 11, 2026, 04:49:34 PM | TOI.in
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Prime Minister Narendra Modi has urged citizens to reduce fuel consumption, avoid unnecessary foreign travel and postpone buying gold for a year amid rising economic pressure caused by the West Asia crisis. With oil prices surging due to the prolonged Strait of Hormuz blockade, India’s foreign exchange reserves are facing increasing stress. The government says the measures are precautionary steps aimed at protecting the economy from global instability and rising import costs.Shreya Chandra breaks down of the economic situation and what it could mean for ordinary Indians.
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