Narendra Modi: Senior Indian National Congress leader Rahul Gandhi has blasted the appeal by the Indian Prime Minister Narendra Modi urging citizens to reduce fuel consumption, work from home, avoid foreign travel and postpone gold purchases.
Gandhi further remarked that the appeal is nothing but a reflection of the NDA government’s utter failures to run the Indian economy. Gandhi said PM Modi should not tell the common man what to buy, where to go, where not to go and what not to buy and added that the “compromised PM” must accept the full responsibility of the economic circumstances of the country.
Narendra Modi Ask Citizens To Be Prudent In Consumption
In a rally in Secunderabad, PM Modi had urged Indians to fight unitedly against the ongoing fuel and economic crisis.
PM Modi had urged citizens to cut down the use of cooking oil, avoid foreign travel for a year, avoid buying gold for a year, prioritize work from home wherever possible, use fewer foreign-branded products and adopt Swadeshi, reduce petrol & diesel consumption, use metro or public transport, move toward natural farming and reduce dependence on chemical fertilizers.
Why Modi Asked Citizens For Cutdowns?
PM Modi urged Indians to adopt COVID-19 alike cost-cutting measures due to surging crude oil prices and the severe impact and economic fallout of the ongoing Middle East crisis.
The primary reason why PM Modi urged for a temporary gold blackout was to avoid putting any additional pressure on the country’s forex reserves.
The country is one of the largest importers of gold worldwide and the yellow metal purchases rise significantly every year, especially during festive and wedding seasons. Higher demand puts enormous pressure on the dollar outflows as gold is primarily imports, widening India’s import bill.
