New Delhi, May 11 -- India's top business leaders, including billionaires Gautam Adani and Sunil Bharti Mittal, on Monday endorsed Prime Minister Narendra Modi's call to reduce consumption of import-dependent commodities like fuel and gold to conserve precious foreign exchange as a protracted West Asia war fuels price rise.

They also called for strengthening domestic investments, accelerating energy transition, and ensuring self-sufficiency in compute for artificial intelligence (AI) to help insulate the economy from future global shocks.

The industry leaders were speaking at the Annual Business Summit 2026 of the Confederation of Indian Industry (CII).

"We need to get away from this obsession of gold. We need to lower our energy cost....