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PM’s appeal was for intelligent substitution of consumption of import-heavy goods: PMEAC member
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PM’s appeal was for intelligent substitution of consumption of import-heavy goods: PMEAC member

The Hindu · May 14, 2026, 2:27 PM

Why this matters: an international story with cross-border implications worth tracking.

If the country can reduce forex outflows by 10% in a year, we will be saving close to ₹2.5 lakh crore of foreign exchange outflow per year, says Gourav Vallabh, member of the Economic Advisory Council to the Prime Minister; he adds that the Prime Minister’s call for a considered change in consumptio

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