Why PM Modi Urged Indians to Avoid Gold Buying and Adopt Work From Home
India is facing problems with its Current Account Deficit again. This is because the price of oil is going up really fast due to the increasing tensions in West Asia. PM Modi recently urged citizens to reduce unnecessary fuel consumption & avoid non-essential foreign travel. He also wants people to wait before buying gold and to use transport share cars with others and use electric vehicles. These are things that people can do. Economists think that doing these things can really help keep India’s economy stable if there is a big problem with oil prices for a long time. India’s Current Account Deficit is a concern and people need to be careful about how they use things, like fuel and other imported goods.