
The warning comes amid the global economy taking a hit from the West Asia war. Pic source: (AI image for representational purposes)Robert Kiyosaki, an American businessman, entrepreneur, and author of the famous 'Rich Dad and Poor Dad' series of personal finance book has warned of the upcoming crash in the global economy in 2026. The warning comes amid the global economy taking a hit from the West Asia war, which has resulted in oil and energy shortage affecting the global GDP.
India has raised import duty on gold and silver to 15% from 9% to arrest the fall in rupee and preserve its foreign exchange reserves. PM Modi has also called for austerity measures to tide over the energy crisis arising from the West Asia war. On May 10 and May 11, Prime Minister Narendra Modi made appeals for austerity measures and fuel conservation amid mounting economic pressure caused by the ongoing US-Iran war, urging citizens to use public transport, adopt work-from-home practices and prioritise local products to reduce strain on the economy.