‘If the situation does not change, crores of people will become poor’, know why PM Modi said such a scary thing in Hague

At present, the world is not only burning in the fire of war, but is also facing many big and serious crises simultaneously. Somewhere the supply of crude oil is under threat, somewhere uncontrolled inflation is breaking the back of the common people, and somewhere strong economies around the world have come under immense pressure. Meanwhile, Prime Minister Narendra Modi has given such a big statement from The Hague, Netherlands, which has started a new and serious debate on the global stage. PM Modi has warned in blunt words that if the world does not change its pace and the current situation rapidly, then the major development achievements made in the last several decades can be lost in a moment and crores of people of the world can once again be pushed into the quagmire of extreme poverty.

This big statement of PM Modi has come at a time when rising tensions in Middle East, deepening oil crisis, back-breaking inflation and disruptions in the global supply chain have given sleepless nights to governments around the world. Addressing the people of the Indian community living in The Hague, PM Modi said that the world is continuously facing new crises one after the other. First the whole world suffered the brunt of a terrible epidemic like Corona, after that destructive wars started in different parts of the world and now a new energy crisis has come before the entire humanity.

Is the world really moving towards ‘Disaster Decade’?

Prime Minister Modi warned from the global forum that our current decade is gradually becoming a “Decade of Disasters”. If this worsening situation is not rectified quickly, then the poverty graph in many countries of the world can once again rise very rapidly. Experts believe that this statement of PM Modi is directly pointing towards the dangerous global environment, where due to the increasing tension between America and Iran and Israel-Iran conflict, there has been huge instability in the international oil market. The threat looming over the world’s most important and sensitive maritime trade route like the Strait of Hormuz has created a huge crisis of energy security for the entire world.

Why is India’s great success so important for the whole world?

In his address, PM Modi also highlighted India’s rapidly strengthening global role before the world. He proudly said that when India moves forward on the path of progress, it directly benefits not only India but the entire humanity. He also said that in today’s difficult times, the whole world is demanding a “resilient supply chain” i.e. a highly reliable, strong and transparent supply network. Keeping this in mind, India and Netherlands are working together to create a transparent and future-ready supply chain that does not come to a halt in any crisis.

Experts in economic and strategic affairs also believe that during the Corona epidemic, the world had understood well how suicidal and dangerous it can be to be overly dependent on one country or one region. This is the reason why India is now presenting itself to the world as one of the strongest and safest alternatives to the global supply chain.

What is the big strategy behind PM Modi’s ‘simplicity appeal’?

Just before leaving for this important Europe tour, Prime Minister Modi had made a unique appeal in Hyderabad to the people of the country to adopt “Voluntary Simplicity”. He had told the countrymen that wherever possible, people should again give priority to work from home, postpone their non-essential foreign trips for some time and also limit the purchase of gold.

PM Modi had directly linked this campaign to save fuel in the country with “patriotism”. He appealed to the people of the country to use public transport as much as possible, adopt car pooling and avoid excessive fuel consumption. In fact, the government’s big strategy behind this is that this will lead to huge savings in India’s foreign exchange reserves and global situations like the ongoing war in the Middle East will have minimal impact on the Indian economy. Giving the example of the Covid period, PM Modi reminded that even during that difficult period, the people of the country had changed their lifestyle in the interest of the country and even today such strict steps can be taken considering the demand of the time.

How much impact will the sudden increase in petrol and diesel cost have on our pockets?

Amidst the global crisis, the impact on the country’s general budget has also started becoming visible. Government oil companies have increased the prices of petrol and diesel by ₹ 3 per liter directly after a long gap of four years. Indian Oil Corporation (IOC), Bharat Petroleum (BPCL) and Hindustan Petroleum (HPCL) have taken this big decision at a time when crude oil prices are under constant pressure in the international market.

After this increase, the price of petrol in the capital Delhi has reached the level of ₹ 97.77 per liter and the price of diesel has reached the level of ₹ 90.67 per liter. These prices are even higher according to local tax (VAT) in different states of the country. Business and industry experts clearly say that the impact of fuel becoming expensive is not going to be limited to petrol pumps only. In the coming months, freight and transportation will become very expensive, due to which the prices of vegetables, small and big everyday items and food items can skyrocket in the markets. Apart from this, it is also likely to have a negative impact on agriculture, factories and logistics sector.

Is the world really headed for a new economic turmoil?

If we take a look at the current global situation, it is clear that the world is currently under immense pressure and tension on many fronts. On one hand, the threat of war between the superpowers is continuously increasing, on the other hand, the energy crisis and rising inflation every day have given sleepless nights to the common man. In such a situation, this big message of PM Modi given from Hague is being considered as a buzz alarm and a big warning not only for India but for the entire world. PM Modi’s entire focus was on the fact that if all the countries of the world come together to strengthen their supply chains, save energy resources and adopt responsible economic behavior, then only humanity can be saved from this devastating global crisis.