PM Modi Calls Cabinet Committee On Rising Tensions In West Asia
In order to assess the West Asia situation and its possible effects on India, PM Modi presided over a meeting of the Cabinet Committee on Security.
PM Modi Calls Cabinet Committee On Rising Tensions In West Asia
In order to assess the current crisis in West Asia and its possible effects on India, Prime Minister Narendra Modi presided over a meeting of the Cabinet Committee on Security on Friday, according to news agency ANI, which cited people with knowledge of the situation. India is starting to consider the potential impact of the conflict on its commerce and energy imports.
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The prime minister chaired a meeting with senior ministers and officials to discuss the regional crisis, according to people with knowledge of the situation.In the event of a war, there is a chance that the supply and trade of crude oil into India will be affected, and there is also a chance that prices will rise on the global market.
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The subcontinent is vulnerable to negative trade effects from both Israel and Iran, as both countries are major oil exporters to India. “In addition to senior ministers, officers were present at the meeting to discuss the West Asia crisis and its potential effects on India. There is a chance that the West Asian issue will have an impact on India’s crude oil supplies and drive up prices on the global market. Concerns over the dispute have been voiced by New Delhi, which has also said that it shouldn’t spread.
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