Prime Minister Narendra Modi informed the Rajya Sabha that the government has set up seven empowered groups to closely monitor and manage the economic and logistical challenges arising from the ongoing West Asia conflict. These groups are tasked with addressing critical areas such as supply chain disruptions, fuel availability, including petrol and diesel, fertiliser supplies, gas distribution, and inflationary pressures.
Comprising domain experts and senior officials, the groups are part of a broader strategy to minimise the impact of global instability on India. The Prime Minister noted that the crisis has significantly affected the global economy and warned that recovery may take considerable time, making proactive planning essential.
He emphasised that the government is continuously assessing the rapidly evolving situation and has already established an inter-ministerial mechanism that regularly reviews import-export challenges and formulates responses. The newly formed empowered groups will function within this larger framework, focusing on short-term, medium-term, and long-term solutions to ensure stability.
Highlighting India’s preparedness, Modi stated that the country’s economic fundamentals remain strong and expressed confidence that coordinated efforts across ministries and expert bodies will help manage the situation effectively and reduce the impact on essential sectors and everyday life.
