India, May 13 -- Prime Minister Narendra Modi's recent call for conserving foreign exchange reserves - through measures such as avoiding gold purchases, reducing fuel consumption by working from home (in fact, April fuel consumption data already reveals a steep 4.6% decline) and deferring foreign travel - came against the backdrop of the fragility marking the current global economic order. Before we discuss that further, let's look at a few indicators of India's economic health over the past few years. For the three-year period ended financial year 2025-2026 (FY26), the economy expanded by 7.3% on average, average inflation was 4%, the banking system's average net profit stood at Rs.3.8 lakh crore, average growth rate of exports of goods ...