West Asia Conflict Impact: PM Highlights Long-Term Risks in Lok Sabha

Context: West Asia Conflict Impact

PM informed Lok Sabha that the West Asia conflict will have long-term impact, while outlining India’s preparedness, diplomatic stand, and energy-security measures.

1) India’s Stand on Conflict

1. Pro-peace position → dialogue and diplomacy as solution
2. Opposes attacks on civilians and critical infrastructure
3. Condemns disruption of international shipping routes like Strait of Hormuz
4. Advocates de-escalation and stability in region

2) Diplomatic Approach

1. Continuous engagement with West Asian leaders
2. Coordination with multiple countries to reduce tensions
3. Focus on ensuring safe passage of Indian vessels
4. Assistance and evacuation of Indians in conflict zones

3) Energy Security Measures

1. Strategic Petroleum Reserves → 5.3 million tonnes
2. Target → increase to 6.5 million tonnes
3. Diversification of oil and gas supply sources
4. Increased refining capacity over years

4) Economic & Domestic Preparedness

1. Adequate coal stock in power plants
2. Preparedness for fertilizer supply disruptions
3. Focus on ensuring kharif sowing and food security
4. Government ready for any supply shock

5) India-Specific Concerns

1. Strait of Hormuz risk → affects energy imports
2. Large Indian diaspora in Gulf → safety priority
3. Global oil price volatility → domestic impact