Iran war effect: Why is Modi asking Indians to avoid foreign trips, gold?

Prime Minister Narendra Modi has urged Indians to conserve fuel and foreign exchange due to the global energy crisis triggered by the United States-Israeli war on Iran, which began on February 28, 2026. Speaking in Hyderabad on May 11, 2026, Modi advised citizens to work from home, utilize online meetings, and opt for public transport or carpooling to reduce fuel consumption. He also encouraged a decrease in cooking oil and fertilizer use, and asked people to postpone nonessential foreign travel and gold purchases for at least a year. The Prime Minister emphasized that these lifestyle changes are crucial for saving the nation's foreign exchange reserves amidst the escalating economic impact of the conflict.

Prime Minister Narendra Modi has urged Indians to adopt austerity measures, including working from home and limiting foreign travel, to mitigate the impact of rising global energy prices. This appeal, made in Hyderabad on Sunday, comes as the ongoing conflict in the Middle East has significantly increased India's crude oil import bill. The measures aim to reduce fuel consumption and conserve foreign exchange, with India importing 90% of its oil. Modi also encouraged the use of public transport, carpooling, and a reduction in fertilizer use by farmers. The announcement led to a significant drop in India's benchmark Sensex index on Monday, reflecting market concerns about potential economic disruption.