Bengaluru, May 11 -- The major travel, tourism, and hospitality companies came under pressure on Monday after Prime Minister Narendra Modi urged citizens to adopt more frugal consumption habits amid rising global economic uncertainty linked to the Middle East crisis.

His remarks, delivered at a public meeting in Hyderabad, focused on reducing dependence on fuel and cutting non-essential spending to help ease pressure on India's foreign exchange reserves.

The Prime Minister's comments quickly drew attention across markets and policy circles, particularly because they touched on everyday consumption choices such as travel, fuel use, and household spending. He framed these measures as part of a broader national effort to navigate external ...