As tensions in the Middle East continue to escalate with little sign of de-escalation, Prime Minister Narendra Modi on Tuesday warned that the impact of the conflict could be “long-lasting”, urging citizens of the country to brace for economic challenges that may lie ahead.
Addressing the Rajya Sabha on the issue of the Middle East conflict amid concerns over its potential impact on India, Modi urged citizens to be prepared for every challenge.
“The impact of this war may be long-lasting, but I assure the people that the government is alert and the nation’s interest remains paramount,” he said.
He added that “the challenges ahead will test us” and urged states to act proactively and take steps to safeguard migrant workers.
“The challenges ahead will test us. I urge all states to act proactively, as in difficult times it is labourers and the weaker sections who are affected the most. Steps must be taken to safeguard our migrant workers,” he said.
The Prime Minister also asked state governments to remain vigilant against black marketing.
“State governments should also remain vigilant against black marketing, which tends to rise in such periods, and ensure that such practices do not take place,” he added.
While the Prime Minister didn’t directly refer to fuel prices, his remarks urging people to brace for long-term challenges came amid a global energy crisis triggered by the conflict in the Middle East.
In response to the US and Israeli attacks, Iran has blocked the Strait of Hormuz, a key shipping route in the Persian Gulf.
The blockade has disrupted energy supplies, leading to a steep rise in oil and gas prices.
With India importing over 80 per cent of its crude and around 60 per cent of LPG, the country remains particularly sensitive to geopolitical disruptions in the Middle East.
While the government has taken several steps to ensure there is no widespread shortage of gas and oil, the situation is likely to worsen if the war is prolonged.