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India could save $45 billion/year in forex if citizens follow PM's advice on consumption: Report
short by Medhaa Gupta / on Monday, 11 May, 2026
India could save over $45 billion annually in foreign exchange if citizens follow the advice PM Narendra Modi gave on moderating consumption amid the supply crisis caused by the West Asia war, Moneycontrol reported. Using FY26 trade data, 10% reduction in crude oil, gold and edible oil imports saves $13.5 billion, $7.2 billion and nearly $2 billion, respectively, it found.
read more at Moneycontrol