India's Economic Resilience: A Call to Pragmatism Prime Minister Narendra Modi's recent call for Indians to shun unnecessary gold purchases and foreign vacations has reignited a debate about the country's economic resilience.
The PM's appeal, made in the context of India's better than expected GDP growth, is not merely a gesture of fiscal prudence but also a reflection of the government's broader vision for an "aatmanirbhar Bharat" – self reliant India.
Finance Minister Nirmala Sitharaman has echoed Modi's emphasis on swadeshi goods and domestic spending.