Prime Minister Narendra Modi has urged citizens to reduce reliance on imported goods and contribute towards easing pressure on the country’s resources amid ongoing global economic uncertainty and geopolitical tensions.
Addressing a gathering in Gujarat, the Prime Minister said India spends massive amounts of foreign exchange on imports while global commodity prices continue to rise and international supply chains remain disrupted.
PM Calls For Responsible Consumption
Modi said every citizen has a role to play in strengthening the country’s economy and reducing external vulnerabilities.
“Even in the earlier decades, whenever the country has gone through war or any other major crisis, every citizen has fulfilled their responsibility in the same way in response to the government’s appeal. Today, too, there is a need for all of us to come together and fulfil our responsibility to reduce the burden on the country’s resources,” he said.
The Prime Minister stressed that India spends lakhs of crores of rupees in foreign exchange to import various products from abroad, while imported goods are becoming increasingly expensive due to global disruptions.
“Just as every drop fills a pot, every small and big effort matters. We must reduce the use of products that come from abroad and avoid unnecessary dependence on imported goods in our daily lives,” he added.
Global Crises Impacting India’s Economy
Highlighting the international situation, Modi referred to a series of global crises that have affected economies across the world in recent years.
He pointed to the impact of the COVID-19 pandemic, ongoing economic challenges and the rising tensions in West Asia, saying these developments have disrupted markets and affected countries globally, including India.
“Over the past few years, the world has been continuously passing through unstable circumstances. First, the crisis of COVID, then global economic challenges, and now the rising tensions in West Asia. The impact of all these situations is continuously falling on the entire world, and India is not untouched by it either,” the Prime Minister said.
Appeal To Support Domestic Economy
The Prime Minister emphasised that collective efforts by citizens can help strengthen the domestic economy and reduce the country’s dependence on foreign imports.
He also urged people to avoid personal activities that involve unnecessary foreign exchange expenditure and highlighted the importance of supporting locally manufactured products.
“When we together overcame the challenge of COVID, we will surely get through this crisis as well. The government is also continuously making efforts to ensure that its impact on the people of the country is minimal,” Modi said.
Focus On Economic Resilience
The Prime Minister reiterated that reducing import dependency and boosting domestic production remain crucial for ensuring India’s long-term economic resilience amid uncertain global conditions.
The appeal comes at a time when global supply chain disruptions, rising fuel prices and geopolitical conflicts continue to impact international trade and economies worldwide.
