PM Narendra Modi's appeal to Indians to cut fuel use, reduce foreign travel, and stop buying gold is unprecedented — and signals the depth of India's economic challenge.
India's gold import bill is a major drain on foreign exchange, and with the rupee under pressure from the Iran war, the government is taking steps to curb demand for the yellow metal.
The Iran-Israel-US war that began in early 2026 has triggered India's worst energy shock in decades — affecting fuel, cooking gas, food, and the rupee.
The BSE Sensex and NSE Nifty fell sharply today, wiping out over Rs 7 lakh crore in investor wealth in a single session.
· 2 min read
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