Recover your password.
A password will be e-mailed to you.
New Delhi, May 10: Amidst energy uncertainty because of the persisting conflict in West Asia, Prime Minister Narendra Modi today urged the citizens of India to adopt measures like the ones during the Covid pandemic, like work-from-home (WFH), reduced fuel consumption, fewer foreign trips, and a temporary pause on gold purchases.
The appeal has triggered discussion on whether India may be preparing for stronger economic conservation steps if global conditions worsen further.
Speaking at a public event in Telangana, PM Modi encouraged citizens to:
Modi said such measures are necessary for reducing economic pressure caused by global instability and protecting the domestic economy.
He reminded that similar measures had been adopted during the Covid pandemic in 2020 and people had got used to such things.
Remote work can significantly reduce fuel consumption by cutting daily commuting. It also lowers electricity usage in commercial spaces.
Internationally, several countries have already introduced similar energy-saving steps as oil prices and supply chains face pressure. The International Energy Agency has also highlighted remote work as a potential tool to reduce energy demand and emissions.
The government is reportedly facing rising pressure from:
Reducing discretionary spending on fuel, gold, and foreign travel could help ease pressure on India’s external balance.
While no mandatory restrictions have been announced, the advisory-style appeal has led analysts to speculate whether more structured economic measures could follow if the global crisis escalates.
At present, the government appears focused on voluntary public participation rather than enforced controls, but the situation remains closely linked to developments in global energy markets and geopolitical tensions.
This website is about News related to Business, Economy and Corporates in India and beyond.
Recover your password.
A password will be e-mailed to you.