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Prime Minister Narendra Modi speaking as gold jewelry and petrol fuel pump symbolize India’s economic pressure from rising oil prices, forex strain, and import dependency during the Iran conflict.

Why Modi Is Asking Indians to Cut Gold Buying and Petrol Use

Noah Sterling

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Why Modi Is Asking Indians to Cut Gold Buying and Petrol Use

May 15, 2026

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India Economy 2026Modi PolicyGold Import DutyRupee Depreciation