India's Defence Minister Reviews West Asia Situation Amid PM Modi's Call for Economic Resilience
Defence Minister Rajnath Singh chairs high-level West Asia review as PM Modi calls for ‘economic self-defence’
The Economic TimesImage: The Economic Times
Defence Minister Rajnath Singh led a high-level review of the evolving situation in West Asia, focusing on its impact on India's economy and energy security. Prime Minister Narendra Modi urged citizens to adopt 'economic self-defence' practices, including reducing fuel consumption and prioritizing domestic products, to mitigate external shocks.
- 01Defence Minister Rajnath Singh chaired a meeting to assess the situation in West Asia.
- 02PM Modi called for a nationwide movement towards 'economic self-defence'.
- 03Citizens are urged to reduce fuel consumption and prioritize domestic products.
- 04Modi emphasized the importance of responsible consumption during global instability.
- 05Farmers are encouraged to adopt natural farming practices for sustainability.
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On Monday, Defence Minister Rajnath Singh chaired a meeting of the Informal Empowered Group of Ministers (IGoM) to evaluate the implications of the escalating conflict in West Asia on India's economy and energy security. This meeting followed Prime Minister Narendra Modi's recent appeal for a nationwide movement towards 'economic resilience', urging citizens to conserve fuel and minimize unnecessary imports. Modi framed the crisis as a collective responsibility, advocating for changes in consumption patterns to shield India from external shocks. He emphasized the need to reduce reliance on petrol and diesel by utilizing public transport and car-pooling, while also promoting electric vehicles. Modi called for a focus on domestic tourism and a reduction in gold imports to bolster foreign exchange reserves. He highlighted the role of farmers in adopting sustainable practices and reducing chemical usage. The Prime Minister's remarks underscored the importance of economic nationalism and domestic consumption as vital strategies to navigate global volatility.
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Citizens are encouraged to adopt more sustainable consumption habits, which could lead to reduced fuel costs and improved economic stability.
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