Why Modi wants Indians to buy less gold and take fewer foreign holidays
BBC News·May 14, 2026
Indian Prime Minister Narendra Modi is encouraging citizens to reduce their gold purchases and limit foreign travel to conserve dollars. The appeal comes as the country's economy faces strain due to the ongoing war and rising oil prices, which have put pressure on the rupee. Modi's initiative aims to mitigate the impact of these global factors on India's economy. By saving dollars, Indians can help stabilize the country's financial situation and reduce its reliance on foreign currency.
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