Postpone Buying Gold, Carpool to Save Fuel: PM Modi Urges Citizens to Protect Foreign Exchange Reserves
May 11, 2026
Vadodara: Prime Minister Narendra Modi delivered a wide-ranging address at the inaugural ceremony of the Sardardham Hostel in Vadodara, using the platform to highlight Gujarat’s leap into future technologies, advocate for economic prudence amid global crises, and push for a revival of domestic tourism and weddings.
The event, which coincided with the 75th anniversary of the Somnath Temple’s consecration, saw the inauguration and foundation laying of critical youth empowerment projects, including the Dr. Dushyant and Daksha Patel Complex and the Shikshan Sahay Yojana.
Political Stability and Educational Reforms
PM Modi began by celebrating the recent election results in Bengal, Assam, and Puducherry, as well as the spectacular local poll victories in Gujarat. He emphasized that the political stability consistently chosen by the people of Gujarat has been the bedrock of its rapid economic growth.
Praising Sardardham’s expansive educational initiatives across the state, the Prime Minister highlighted the National Education Policy’s (NEP) shift away from mere degrees and language barriers toward skill development, innovation, and apprenticeships. He proudly noted the rising participation of women in startups, the National Defence Academy, and as fighter pilots, emphasizing that Gujarat understood the necessity of women’s empowerment two decades ago.
Vadodara as an Aerospace and Rail Manufacturing Hub
Detailing Gujarat’s industrial evolution, PM Modi declared that the state is leading the charge in future technologies like advanced engineering and green energy. He highlighted the booming semiconductor manufacturing sector in areas like Sanand, Dholera, and Surat.
Focusing on Vadodara, the Prime Minister noted its transformation into a global manufacturing powerhouse. “Today, metro coaches made here are being exported to other countries,” he said, adding that Vadodara is advancing rapidly in modern rail systems and is set to forge a massive new identity in aircraft manufacturing.
A Call for Economic Prudence Amid Global Crises
A significant portion of the Prime Minister’s address was dedicated to the economic fallout from global instability, specifically citing the conflict in West Asia and its impact on crude oil prices and global supply chains. To shield the nation’s foreign exchange reserves, PM Modi made a direct appeal for citizen participation.
He urged the public to reduce petrol and diesel consumption by opting for public transport, electric vehicles, and carpooling. Furthermore, he suggested that both private and government offices prioritize virtual meetings and work-from-home setups, and asked schools to periodically utilize online classes to save fuel. He also requested citizens to consume less edible oil and temporarily defer buying gold until global conditions normalize.
“Vocal for Local”, Destination Weddings, and Tourism
In a strong push for domestic commerce, PM Modi urged citizens to make “Vocal for Local” a mass movement. He sharply criticized the growing trend of foreign vacations and destination weddings, which drain the country’s foreign exchange.
Instead, the Prime Minister advocated for hosting destination weddings at iconic domestic sites. He specifically pitched the Statue of Unity in Ekta Nagar to the Patidar community, playfully suggesting that Sardar Vallabhbhai Patel himself would bless marriages held there. He also challenged Non-Resident Indians (NRIs) to motivate at least five foreign families to visit India to boost tourism.
Push for Natural Farming
Appealing directly to the farming community, PM Modi warned against the continued use of chemical fertilizers. He urged farmers to save “Mother Earth” by transitioning entirely to natural farming and replacing diesel water pumps with solar-powered alternatives.
Accepting the ‘Sardar Gaurav Ratna’
Concluding his address, the Prime Minister formally accepted the ‘Sardar Gaurav Ratna’ award, expressing deep humility and joy. He stated that receiving honors across the globe is one thing, but receiving an award “at home” from his own people holds a profoundly different joy. Modi reflected that it appears to be his destiny to fulfill the unfinished dreams and visions originally set forth by Sardar Patel.
Here is an expanded and detailed section focusing specifically on the Prime Minister’s remarks regarding gold and oil, which can be added to the news article:
“A National Appeal: Cut Back on Gold, Fuel, and Edible Oil”
Addressing the severe economic fallout from global instability, Prime Minister Narendra Modi made a direct and urgent appeal to the citizens of India to consciously reduce their consumption of imported commodities, particularly gold and oil, to protect the nation’s foreign exchange reserves.
The Prime Minister highlighted that the ongoing conflict in West Asia—a region that supplies a massive portion of the world’s crude oil—has severely disrupted global supply chains and caused the prices of foreign goods to skyrocket. Calling it a “dual crisis” for the country, PM Modi stressed that every drop of fuel saved contributes to the nation’s economic resilience.
Curbing Fuel Consumption To minimize the financial burden of crude oil imports, PM Modi urged citizens to actively change their daily commuting habits. He appealed to the public to reduce their use of petrol and diesel by switching to the Metro, utilizing electric vehicles (EVs), and relying more on public transport. For those who own private cars, he strongly advocated for carpooling, while requesting EV owners to step forward and help others.
Furthermore, he urged institutions to leverage digital technology to save fuel. “It is essential that both government and private offices prioritize virtual meetings and work-from-home,” he stated, while also suggesting that schools occasionally implement online classes to cut down on daily travel.
Delaying Gold Purchases In a significant request to households across the country, PM Modi addressed India’s massive appetite for gold. Pointing out that huge amounts of the country’s wealth go abroad to fund gold imports, he asked citizens to exercise restraint. “I urge all countrymen that until the situation normalizes, we should postpone the purchase of gold. Gold is not a necessity right now,” he stated.
Reducing Edible Oil for Health and Wealth The Prime Minister’s appeal for economic prudence also extended to the kitchen. He noted that India spends a substantial amount of foreign exchange on importing edible oils. Appealing directly to families, PM Modi suggested that curbing the consumption of edible oil would serve a dual purpose: it would save the country’s foreign exchange and significantly benefit the citizens’ personal health.
“Just as a pot is filled drop by drop, we must reduce the use of foreign products through small, everyday efforts,” the Prime Minister emphasized. He expressed confidence that if 140 crore Indians take these small steps together, it will become the nation’s greatest strength against global economic shocks.
