India Inc stays calm as Modi calls for austerity on fuel travel and gold

Reducible expenses get a hard push—industry isn’t panicking

Prime Minister Narendra Modi urged Indians to rein in “reducible” expenses, naming items like fuel, foreign travel, and gold. India Inc reads the message as a nudge toward self-reliance and moderated consumption rather than alarm. With global pressures, including the West Asia crisis, weighing on economic sentiment, industry leaders say the focus should stay on domestic investment and cutting import dependence.