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Why PM Narendra Modi Said “Don’t Buy Gold” | The Economic Reason Explained | NEXT IAS

Education

Prime Minister Narendra Modi recently urged Indians to postpone gold purchases, avoid unnecessary foreign travel, reduce petrol consumption, and adopt EVs — but why would a Prime Minister make such a request? The answer lies in India’s Current Account Deficit (CAD), rising crude oil prices, and the growing pressure on foreign exchange reserves. India imports nearly 85% of its crude oil and over 90% of its gold demand, while international travel spending by Indians has also surged sharply in recent years. When global oil prices rise, every dollar flowing out of the country matters. This video explains the hidden economic logic behind PM Modi’s statement and how individual financial choices can impact India’s economy, imports, forex reserves, and overall economic stability. #nextias #narendramodi #modi #indianeconomy #cad #gold #crudeoil #economy #foreigntravel #ev #rbi #india #currentaccountdeficit #oilprices #economiccrisis #economicpolicy #youtubeshorts #viralshorts #shorts #foryou #fyi #fyp

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M
madeleinedelahaye639 1 week, 3 days ago

Fir kyu abb rbi ke dwara 12 Billion ka gold bech diya

A
andrea_hodges 2 weeks, 6 days ago

People can buy gold by exchanging their old gold.

victoria.solano
victoria.solano 3 weeks, 6 days ago

Jo khud taxpayer’s ke paiso se expensive kapde food luxury lifestyle maintain kr rhe vo ye bol rhe ki function me jewellery na de or na pahne jo hamesha se tradition rha ak din uthakar kahenge kpde or khana bhi khna bnd kr do may be tb inka current account deficit thik ho jay

S
shawnbird242 4 weeks, 1 day ago

Should gold jewelery shops should be closed then? How they will earn money then for bread?

H
hakanhenk747 4 weeks, 1 day ago

Pagal hogya hai ye 😂

jessedavenport853
jessedavenport853 4 weeks, 1 day ago

Ganti bajav, Jaddu maro, Deep jalo, Abi ye naya jumla. Kitna murk banake raka ae ye.

revadawn74
revadawn74 4 weeks, 2 days ago

First PM should avoid foreign tours

G
garry.hayes 1 month ago

Nalayak,stupid and he has no sense about statement.... Our pm is good for nothing

R
reynaldo_godínez 1 month ago

Agar govt. gold import karna hi band karde to citizens kharid hi nhi sakte

A
aliciabloom16 1 month ago

Super nice 👍 correct 💯

T
trinidad_apodaca 1 month ago

बंगाल चुनाव के पहले इसको याद नहीं आया

C
cynthia.costa 1 month ago

Epstein file me jab se eska name aya hai Ye USA ISRAEL ka puppet ban gaya hai. Eske kale karnamo ki saja 1.5 crore logo ko chukana pad raha hai

severin.geisel
severin.geisel 1 month ago

His total expenditure of foreign travel since 2014 is 762 croce😅😅

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raagini_dhar 1 month ago

Basically, applying austerity measures. What a clever man 😂

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aimée.foucher 1 month ago

Reduce political administration cost. 1. Decrease MP, MLA seats. 2. Decrease IAS, IPS indirect expenses. Each officer has 10 lakh govt paid expenses. 3. Why govt, Officers needs drivers and other public tax paid staff. 4. Reduce corruption. 5. Dont control people like Britishers and Moghuls did.

advaithsoni654
advaithsoni654 1 month ago

He says that don't buy gold did he every thik about sunar . They didn't earn money... for him it is easy to say but jin parr bitta hai na unhe he pata chalta hai

E
elaine_fry 1 month ago

यह खुद 5 देश की यात्रा पर जा रहे हैं😂😂😂😂

D
daniel.cantu 1 month ago

Keya loan EMI vi na bhare ?

S
saravista28 1 month ago

चुनाव के समय तक सब सही था

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pietrawhisper21 1 month ago

You also not buy gold no foreign trip no petrol car to phir ham bhi karenge