Think of WFH, saving petrol, not buying gold for a year: PM Modi amid oil crisis.
As fears of a fuel price hike intensify amid the West Asia conflict, PM Narendra Modi urged Indians to cut petrol use, avoid foreign trips and even pause gold purchases for a year.
Amid the global oil shock triggered by the Middle East war, Prime Minister Narendra Modi on Sunday urged people to revive work-from-home practices, cut fuel consumption and even avoid buying gold for weddings for one year to help the country save foreign exchange.
Expanding his appeal beyond fuel conservation, PM Modi also asked citizens to reduce edible oil consumption and urged farmers to cut dependence on chemical fertilisers imported from abroad.
What are your thoughts on this? I feel people might start hoarding gold quickly after this news. Because very few people understand how forex reserves work.