Telengana, May 11 -- Prime Minister Narendra Modi on Sunday urged Indians to adopt austerity measures in view of the escalating conflict in West Asia, warning that the global crisis could severely impact India's economy through rising fuel prices and pressure on foreign exchange reserves.

Addressing a BJP gathering in Hyderabad, Modi appealed to citizens to avoid unnecessary foreign travel for a year and refrain from purchasing gold during festivals and weddings.

The Prime Minister also asked people to reduce petrol and diesel consumption, revive work-from-home practices wherever possible and rely more on public transport.

His remarks come at a time when global markets are witnessing volatility amid fears of prolonged instability in We...