Arvind Kejriwal has posted on the social media platform X, directly questioning the central government over where the foreign exchange for a $10 billion figure will actually come from. He alleged that while ordinary citizens are urged to save foreign exchange by using ethanol blended fuel, even at the cost of damaging their vehicles, that same foreign exchange is being made available to Adani for dealings in the United States. The post quickly sparked a wave of reactions online, with thousands of users weighing in.
What Kejriwal Wrote
In his post, Arvind Kejriwal wrote
Where will foreign exchange for this $10 billion come from? Modi ji tells us to save foreign exchange by using ethanol, and ruin our vehicles in the process. And that same foreign exchange is being handed over to Adani to take to America? This is completely wrong.
In this short post, Kejriwal tried to link two separate issues together, the government's push to save forex through ethanol use, and the alleged use of a large sum of foreign exchange connected to Adani. He framed it as a contradiction in policy, questioning why ordinary citizens are asked to make sacrifices while the same resources appear to be made easily available to large corporate groups.
The Ethanol Argument
Kejriwal's argument rests on the government's ethanol blended fuel policy. According to him, the government has repeatedly urged people to use ethanol blended petrol to cut foreign exchange spent on oil imports, even as complaints have surfaced over its effect on some vehicle engines. Kejriwal's point is that if the foreign exchange saved through this sacrifice by ordinary citizens is then seen going toward a US linked transaction connected to a large industrial group, it undermines the very purpose of the policy. He called this outcome plainly wrong.
Where the $10 Billion Figure Fits In
In his post, Kejriwal only asked where the foreign exchange for this $10 billion would come from, without sharing any document or specifying which transaction or project the figure is tied to. The post merely indicates that this amount is being taken to the United States for something connected to Adani. Since the post does not go into further detail, this remains Kejriwal's own allegation, and it does not include any direct response from the government or the Adani group.
India's Foreign Exchange Reserves: The Bigger Picture
Kejriwal's question comes against the backdrop of continuing news about India's foreign exchange reserves. According to reports, India's foreign exchange reserves rose by $3.82 billion to cross the $700 billion mark, a figure that came from the Reserve Bank of India. Subsequent reports said reserves rose again in the first two weeks of April, adding more than $12 billion and crossing the $700 billion level once more. Before that, a separate report in January had said reserves fell by $9.81 billion to $686.8 billion, showing that the reserves had swung in the months in between. An October 2025 report had earlier said reserves rose by $4.5 billion to cross $702 billion. Taken together, these figures show that India's forex reserves have moved up and down over recent months, and it is against this broader economic backdrop that Kejriwal's question tries to probe how this reserve is actually being used and for whom.
Public Reaction
Reactions to Kejriwal's post on social media were mixed. Some users backed his question, expressing concern that the ethanol policy and the alleged use of forex did not add up. A large section of users, however, criticised Kejriwal, pointing to the Adani group's role in the economy and employment. Some users argued that foreign exchange is not directly handed over by the government to any company and that overseas investment happens under existing regulatory rules, while others demanded a clearer explanation from the government on the matter.
About the United States
The United States, referenced in Kejriwal's post, is a country located in North America, also known as the United States of America or simply America. It is made up of 50 states, a federal district and several self-governing territories. Of these, 48 states and the federal district lie in central North America between Canada and Mexico, while the state of Alaska sits in the northwestern part of North America and the state of Hawaii lies in the central Pacific Ocean. As one of the world's largest economies, it maintains extensive trade and economic ties with many countries including India, which is why the United States frequently comes up in discussions involving Indian investments and foreign exchange.
