On Tuesday, Prime Minister Narendra Modi informed the Rajya Sabha about the establishment of seven empowered groups aimed at addressing various issues stemming from the ongoing conflict in West Asia. This initiative is a response to the significant challenges posed by the war, particularly concerning supply chain disruptions, fuel prices, and inflation. The newly formed groups will comprise experts from relevant fields along with government officials to tackle these pressing concerns.

Focus Areas of the Empowered Groups

During his address, PM Modi emphasized that the crisis has had a profound impact on the global economy and signaled that recovery would take considerable time. Acknowledging the potential repercussions for India, he stated that the government is committed to minimizing negative effects through proactive measures. The empowered groups will focus on key sectors including petrol and diesel, fertilisers, gas, and inflation, ensuring a comprehensive approach to the various challenges presented by the situation.

Government’s Strategic Response

The Prime Minister highlighted the stability of the Indian economy’s fundamentals, reassuring that the government is closely monitoring the evolving situation. Modi mentioned that the government has developed a strategic framework to address both immediate and long-term challenges arising from the crisis. In parallel, an interministerial group has been established to conduct regular assessments of the ongoing import-export issues facing the country.

Collaboration for Solutions

According to PM Modi, the government is working diligently on identifying necessary solutions to ensure stability amidst the crisis. The seven empowered groups are expected to implement swift and broad-ranging strategies to manage the supply chain and maintain stability in essential commodities like fuel and gas. The Prime Minister expressed confidence that through collective efforts, the country will navigate this challenging scenario effectively.

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