"But the effect has been most stark on the Indian rupee, which has hit record lows in recent weeks, increasing the cost of imports and adding pressure on inflation. India's opposition leaders criticised Modi's remarks, saying it pointed to poor planning on the part of the federal government. Congress party leader Rahul Gandhi said the government was shifting “responsibility onto the people” and escaping accountability themselves."
Patriotism is framed as living responsibly and fulfilling national duties in daily life. Emphasis is placed on saving foreign exchange, using public transport, carpooling to conserve fuel, and reducing fertilizer use by half. Markets react to these remarks, with the Sensex falling sharply amid fears of prolonged economic disruption. India has avoided raising petrol and diesel prices, but conflict and oil supply disruptions are straining the broader economy. Job risks rise in manufacturing sectors, fertilizer shortages threaten farm output and food prices, and the rupee weakens to record lows, increasing import costs and inflation pressure. Opposition leaders criticize the guidance as shifting responsibility to the public and as evidence of poor planning.
#patriotism #economic-policy #fuel-and-transport-conservation #agriculture-and-fertilizer #inflation-and-currency
Read at BBC News
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