What's behind PM Narendra Modi's austerity call?

For the second time in a couple of days, Prime Minister Narendra Modi called for the public to take some austerity measures: reduce fuel consumption, defer gold purchases, reduce foreign travel and consume less edible oil and fertilisers. “The West Asia crisis is one of the worst in the decade; just as we overcame the COVID-19 pandemic, we will come out of this also,” he said while addressing an audience in Vadodara on May 11, 2026. On May 10, 2026, he called for collective participation to help the country withstand global economic uncertainties, supply chain disruptions and inflationary pressures. He asked the public to reduce petrol and diesel consumption, promote the use of metro rail and public transport, car-pooling, and railway transport for freight movement, besides wider adoption of electric vehicles. He also spoke about strengthening India’s economic resilience and promoting responsible living. How worried should we be? Guest: Prof. B. Bhagwan Das, Former Associate Professor of Economics, Loyola College, Chennai Host: Nivedita V Producer and editor: Jude Francis Weston Learn more about your ad choices. Visit megaphone.fm/adchoices