Prime Minister Narendra Modi on Monday connected the de-escalation of West Asia tensions to direct gains for India’s economy, including steady petrol-diesel prices, lower gold costs, and reliable maritime trade routes critical for energy imports.
Addressing a rally in Hyderabad, Modi said the region’s stability has dodged a severe energy shock. “West Asia’s improvement has shielded our economy—no fuel price spikes, falling gold rates aiding weddings, and secure sea lanes for oil and essentials,” he stated.
This calm ensures uninterrupted shipping from key suppliers like the Gulf, vital for India’s 85% oil import dependency via sea. Modi contrasted this with opposition-era hikes—₹58 on petrol, ₹52 on diesel—while his government slashed them by ₹25-₹27.
He spotlighted green energy strides, noting how stability accelerates India’s shift to renewables, reducing reliance on volatile tanker routes. “Stable imports buy time for solar, wind, and green shipping tech,” Modi added, praising savings on veggies and pulses too.
Join our WhatsApp channel for more updates:
Subscribe to our YouTube channel for more updates:
