Prime Minister Chairs Economic Council Meeting Amid West Asia Tensions, Focus on Sustaining Growth Momentum

The meeting placed significant emphasis on safeguarding India’s economic stability amid external shocks arising from energy market disruptions. Participants assessed the broader macroeconomic implications of sustained high crude oil prices and the potential impact on India’s external earnings, particularly remittances from overseas workers.

The council session was led by Professor S. Mahendra Dev and included prominent experts such as Sanjeev Sanyal and Shamika Ravi. Members reviewed reform measures aimed at improving ease of living and facilitating smoother business operations, with a focus on strengthening resilience in the face of global energy volatility.

While multiple reform areas were discussed during the deliberations, no specific policy decisions or announcements emerged from the meeting. However, the session underscored the government’s continued focus on maintaining strong economic fundamentals, reinforcing domestic demand, and building adequate reserves.

The discussions also reflected a broader strategic vision aligned with the goal of transforming India into a developed nation by 2047, with sustained growth driven by internal consumption strength and financial stability despite global uncertainties.