PM Modi Urges Citizens to Limit Foreign Travel and Gold Purchases Amid Economic Challenges

During his recent visit to Kyrgyzstan for the Shanghai Cooperation Organisation (SCO) summit, Prime Minister Narendra Modi reiterated his call for Indians to avoid foreign travel and limit gold purchases. In a video message, he specifically advised against organizing destination weddings abroad, emphasizing the importance of conserving foreign exchange reserves.

This appeal is part of a broader strategy that Modi first introduced in May, aimed at countering economic difficulties exacerbated by geopolitical tensions in West Asia. He described the decision to curtail non-essential travel and wedding festivities as an act of patriotism, highlighting the need for every citizen to contribute to the nation’s financial stability.

In his address, the Prime Minister expressed optimism about India’s economic outlook, noting a significant 7.8% growth in gross domestic product (GDP) for the April-June quarter, which exceeded the Reserve Bank of India’s forecast of 7%. Modi attributed this growth to the resilience of the Indian economy despite ongoing global uncertainties, including wars and supply chain disruptions.

Modi’s message comes at a crucial time when many Indians are feeling the pinch of rising costs and economic pressure. While he acknowledged the achievements, he also cautioned against the spread of negativity, urging citizens to remain hopeful and focused on collective progress. The Prime Minister stated, “Overcoming all these challenges, the country has shown remarkable strength and adaptability.”

As India navigates through these turbulent times, Modi’s emphasis on austerity and responsible spending reflects a proactive approach to safeguarding the nation’s economic interests. With citizens encouraged to rethink their spending habits, this initiative aims to bolster foreign exchange reserves, ultimately benefiting the Indian economy in the long run.

Source: scroll.in