India's Modi Faces Economic Challenges as Gold, Coal, and Auto Sectors Shift

In early September 2026, Indian Prime Minister Narendra Modi's economic policies face multiple pressures, as reported across various sectors. Despite Modi's appeals to reduce gold imports, Indian consumers continue to buy gold, undeterred by high tariffs, according to headlines from September 7, 2026. Meanwhile, the government ramps up coal rail shipments to address dwindling power plant stocks, and the central bank reportedly sold at least $8 billion to stabilize the rupee. In the auto sector, alternative-fuel car sales have overtaken petrol vehicles due to cost and E20 concerns, prompting Maruti Suzuki to hike prices for the third time since May. These developments contribute to Indian stocks slipping to a six-week low amid IT sector declines and oil price worries.