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New Delhi: Prime Minister Narendra Modi on Saturday chaired the meeting of the Prime Minister’s Economic Advisory Council (PM-EAC). The meeting discussed measures to maintain India’s growth momentum amid rising global tensions and uncertainties.

Focus on economic stability and reforms   

According to sources, the focus in the meeting was on strengthening the growth rate, increasing the ability to deal with external shocks and accelerating reforms that make business and life easier. The Council members reviewed the changing global situation and assessed the impact of the ongoing conflict in West Asia on the economy of India and the world.

The potential impacts of geopolitical instability on energy markets, supply chains, inflation and global trade flows were also discussed. The government is already keeping an eye on developments in the sector as uncertainty increases over oil supplies and import costs.

Emphasis on domestic investment and productivity   

The Council discussed steps to strengthen domestic economic activity, promote investment and increase productivity. The meeting also discussed reforms to reduce the compliance burden, improve government services and improve the quality of life of citizens.

PM Modi had recently said that the world is going through unprecedented challenges. On the occasion of World Environment Day in Surat, he had described the current decade as the decade of disasters. Covid, war, energy crisis and supply chain disruptions have affected economies around the world.

Appeal for self-reliance and foreign exchange savings    

The Prime Minister reiterated the need for self-reliance in energy and critical sectors. He says global disruptions have highlighted the risks of external dependence. He described investment in energy infrastructure, nuclear power and domestic manufacturing as part of India’s long-term economic security.

In recent weeks the government has appealed to people to use resources wisely. The PM has asked citizens to cooperate in saving fuel, adopting public transport if possible and reducing pressure on foreign exchange reserves.

The conclusion of the meeting was that it is necessary to carry forward reforms with caution and strengthen India’s economic foundation. Considering both domestic reforms and external risks, the Council emphasized policy options that sustain growth, support businesses, and protect individuals from global turbulence.