Modi Urges Indians to Reduce Overseas Spending Amid Economic Concerns

Indian Prime Minister Narendra Modi has called on citizens to reduce their discretionary spending overseas in an effort to bolster the country's economic resilience.

In a video message from Bishkek, PM Modi emphasized that India must continue strengthening its self-reliance despite global uncertainty and disrupted supply chains.

The prime minister pointed out that even small changes in consumer behavior can have a meaningful impact on the import bill, which has seen a significant increase this year.

Globally, gold prices are at an all-time high due to geopolitical tensions, making PM Modi's appeal harder to implement, as Indian consumers need to spend more rupees on imported bullion.