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Modi urges Indians to slash imports and save foreign reserves amid global tensions

From cutting foreign weddings to adopting electric vehicles, Modi's bold plan asks every Indian to reshape habits. Can small changes shield the economy from global shocks?

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Modi urges Indians to slash imports and save foreign reserves amid global tensions

Prime Minister Narendra Modi has urged Indians to take immediate steps to conserve foreign exchange and reduce dependence on imports. In a series of appeals, he called for changes in daily habits, travel choices, and farming practices to strengthen the country’s economic resilience amid global instability. The prime minister highlighted the strain on India’s foreign reserves due to rising global tensions, particularly the conflict in West Asia. He asked citizens to cut back on non-essential spending, including overseas travel, foreign weddings, and gold purchases for at least a year.

To ease pressure on fuel imports, Modi encouraged a shift to public transport, car-pooling, and electric vehicles. He also proposed reviving work-from-home policies and virtual meetings, similar to those used during the Covid-19 pandemic, to reduce commuting and fuel use. Farmers were advised to adopt solar-powered irrigation pumps instead of diesel ones and to halve chemical fertiliser use. The prime minister promoted natural farming methods as a way to lower costs and improve sustainability. He further suggested reducing edible oil consumption, citing benefits for both household budgets and national economic health. Modi also stressed the importance of supporting locally made products. By prioritising Indian goods, he argued, the country could reduce reliance on imports and strengthen domestic industries.

The measures aim to stabilise India’s economy by cutting unnecessary imports and conserving foreign exchange. If widely adopted, these changes could reduce fuel dependence, lower agricultural costs, and boost domestic production in the coming year.

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