New Delhi, May 17 -- In a bid to safeguard macroeconomic stability against volatile global commodity shifts, a report by Brickwork Ratings revealed that a strategic, consumer-led "demand-side push" could help India save up to USD 37.8 billion (approximately Rs.3.59 lakh crore) in foreign exchange reserves.

With crude prices likely to stay above USD 100 per barrel for the rest of 2026 and the rupee under pressure near Rs 95/USD, Brickwork Ratings said Prime Minister Narendra Modi's seven behavioural appeals could provide India with a USD 37.8 billion forex buffer this fiscal year.

The report argues that voluntary demand reduction across fuel, gold and fertilisers may offer the government fiscal breathing room at a time when its ability t...