prime minister Narendra Modi on Saturday highlighted India’s role in the world’s success, but also warned of the challenges humanity is facing “one after another”.
Addressing a community event in The Hague during his visit to the Netherlands on the second leg of his five-nation tour, Prime Minister Modi said that whenever India succeeds, the world benefits.
“Whenever India succeeds, all of humanity benefits from it. But today, humanity is also facing many major challenges. We are witnessing how the world is facing new challenges one after another,” Prime Minister Modi said.
In light of the ongoing conflicts, especially in the oil-rich West Asia region after the American and Israeli attacks on Iran, Modi He described the current decade as a period of worsening disaster.
He said: “First came the coronavirus pandemic, then wars began to erupt, and now the world is facing an energy crisis. This decade is increasingly turning into a decade of disaster for the world. We can all see that if these conditions do not change quickly, the achievements of many past decades may be undone. A very large portion of the world’s population could be pushed back into the swamp of poverty.”
Prime Minister Modi praised the efforts of India and the Netherlands in working together and building a future-ready supply chain
“In such global circumstances, the world today is talking about resilient supply chains. In this context, India and the Netherlands are working together to build a reliable, transparent and future-ready supply chain,” he said.
Calls for austerity and rising fuel prices due to ongoing challenges
Days before his European tour, in Hyderabad, Prime Minister Modi called on Indians to adopt voluntary austerity measures, urging them to work from home where possible, limit foreign travel, and reduce gold purchases.
He described conserving fuel and saving foreign exchange as a “patriotic” act that encourages increased use of public transportation, use of cars, and reduced fertilizer consumption.
Referring to the times of the Covid pandemic, he stressed that remote work has become normal during that period, and the government is now looking at such behavioral changes as tools to manage demand in the short term.
He said: “We must make efforts to use only the amount required to provide foreign currency and limit the negative effects of war crises.”
Then, on Friday, May 15, after four years of no rise in retail fuel prices, the state-owned oil companies Indian Oil Corporation, Bharat Petroleum and Hindustan Petroleum, which together control 90 percent of the country’s gas stations, decided to… $3 litres.”>Raising the prices of gasoline and diesel by a percentage $3 litres. In Delhi, the price of petrol rose to $97.77 per liter and diesel to $90.67. It was higher in other parts of the country depending on local fees.
Industry leaders and analysts have warned that… $The rise in oil prices will be felt not only at the gas station, but also across household expenditures, freight rates and factory prices through July and August 2026, given the inflationary effects of fuel price shocks through input costs in agriculture and manufacturing.
