Parliament Budget Session Live: Prime Minister Narendra Modi on Monday addressed Parliament during the ongoing Budget Session, raising concerns over the escalating conflict in West Asia and its potential impact on India’s economy, security, and global trade ties.
Speaking in the Lok Sabha, the Prime Minister stressed the seriousness of the evolving geopolitical situation and called for close monitoring as tensions continue to rise in the region. “I am present in this esteemed House to discuss the ongoing conflict in West Asia and the challenges that have arisen before India due to it. The situation in West Asia at this time is concerning…” he said.
Rising West Asia Conflict Under Focus
The Prime Minister’s remarks come at a time when instability in West Asia has intensified, raising alarm globally. The region plays a critical role in energy supplies and international trade routes, making any disruption a matter of concern for major economies, including India.
Highlighting the developments, Modi noted, “The situation in West Asia is worrisome. In the last 2-3 weeks, EAM Dr S Jaishankar and Union Minister Hardeep Puri have provided the details of the situation to the House. This conflict has been going on for more than 3 weeks. It has a severe impact on the global economy and the lives of the people, and that is why the world is urging all sides for an early resolution to this conflict…”
Economic and Security Concerns For India
Emphasising the broader implications, the Prime Minister outlined the multiple challenges emerging from the crisis. “This war has also created unforeseen challenges before India. These challenges are economic, related to national security, and humanitarian. India has extensive trade relations with the countries at war and those affected by it. The region where the war is taking place is also an important route for our trade with other countries. Especially, a large part of our crude oil and gas requirements is met by this region,” PM said.
His remarks underline India’s dependence on West Asia for energy imports and the vulnerability of key shipping routes that connect the country to global markets.
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