New Delhi, May 11 -- Prime Minister Narendra Modi appealed to citizens to avoid unnecessary gold purchases for "one year", along with other measures to conserve foreign exchange reserves amid the ongoing crisis in the West Asia.
PM Modi also requested citizens to avoid non-essential foreign trips and destination weddings abroad, stressing that reducing imports during global uncertainty would help strengthen India's economic stability amid rising international prices triggered by conflicts in the Middle East.
He called for a series of economic sacrifices from the public, citing the ongoing conflict in West Asia and its pressure on India's foreign exchange reserves.
Reacting to the PM Modi's appeal, the share prices of jewellery companies ...