PM Modi Assures Stable Energy Supplies and Strong Economy
PM Modi assured Parliament on Monday that India has sufficient energy reserves to withstand trade disruptions. He said strong fundamentals support the economy.
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Prime Minister Narendra Modi affirmed on Monday that the economic foundations of India remain strong, ensuring the country has sufficient access to petroleum, coal, and fertilizers despite global energy disruptions. The ongoing conflict involving the United States, Israel, and Iran has significantly impacted international trade routes, specifically the Strait of Hormuz, which handles nearly 40% of the nation's crude oil imports.
