Relying on consumer austerity to stabilize the currency is a tactical admission of the government's limited influence over global market forces. It frames a systemic macroeconomic failure as a matter of individual responsibility rather than policy efficacy.
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Piyush Goyal Hints At Modi Govt's Plans To Stabilise Rupee's Record Crash | WATCHAdded:
The situation is globally quite uh challenging but we have the confidence and the courage of conviction that we'll come out winners.
We are uh monitoring the situation. All the various arms of government are working as a team.
Several steps are under consideration.
The situation is globally quite uh challenging but we have the confidence and the courage of conviction that we'll come out winners even in this challenging time. Sir, are you looking to monitor?
>> No such plans of that sort right now.
But we have of course made an appeal to all the citizens of India to be more conscious about their uh spending on products which are uh import dependent and I think it's just very natural that uh every Indian who trusts Prime Minister Modi has taken cognizance of that and is helping the country in every small or big way with their own actions.
I'm really proud of every Indian who has taken Prime Minister Modi's appeal to heart and is contributing to nation.
>> Anything on the non-essential importation?
>> No. When we launch itself, if you recall, we had said that the first round of talks will happen in the second half of 26. So we will have it as steady.
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