Sridhar Vembu on why PM Modi discourages gold purchases amid 7.8% GDP growth
Zoho co-founder Sridhar Vembu explained that PM Narendra Modi is advising citizens to cut back on gold buying and international travel, even with India’s economy expanding at 7.8%. The goal is to save foreign exchange. Vembu noted that while the economy is performing well, the country remains reliant on imports. He further mentioned that achieving energy independence and boosting tech skills will help lower this dependency over time.