New Delhi, May 11 -- With the ongoing West Asia tension continuing to cast uncertainty over the global economy, Union Minister Ashwini Vaishnaw on Monday urged citizens and businesses to reduce expenditure that requires foreign exchange while working to earn more forex for the country.

Addressing the CII Annual Business Summit 2026 in New Delhi, Vaishnaw said recent developments have made it clear that a "truce is still far away."

Referring to Prime Minister Narendra Modi's recent appeal to the nation, Vaishnaw said citizens must identify ways to preserve foreign exchange in daily life.

Additionally, the minister stressed that conserving foreign exchange alone would not be enough. He added that India also needs to increase earnings thr...