Sharad Pawar warned that Prime Minister Modi’s austerity appeal could seriously affect India’s economy and investor confidence nationwide. He said sudden government announcements created uncertainty among industries, businesses, investors, and ordinary citizens already facing economic pressures daily.
Pawar demanded an all-party meeting chaired directly by Narendra Modi to address West Asia conflict concerns urgently together. He urged the Prime Minister to include opposition leaders while making important national decisions affecting the country’s future stability.
During a Hyderabad event, Narendra Modi advised citizens to reduce fuel, edible oil, and gold consumption immediately nationwide. He linked the appeal to growing instability caused by the continuing conflict across the West Asia region recently. Pawar also urged the Central Government to consult economists and industry leaders before handling worsening economic instability across markets.
He stressed that expert guidance could help India avoid deeper financial uncertainty and maintain investor confidence during challenging times.
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Sharad Pawar seeks all-party talks on economic concerns
Raj Thackeray questioned the Prime Minister’s appeal and highlighted concerns regarding declining foreign institutional investments recently across Indian markets. He claimed investors withdrew nearly ₹1.5 lakh crore from Indian markets during the past several difficult months continuously. Thackeray compared current crude oil prices with earlier financial crises witnessed globally during 2008, 2011, and 2013 periods. He recalled that previous governments never advised citizens against overseas travel despite similarly high international crude oil prices earlier.
Thackeray also questioned why petrol and diesel prices remained expensive when international crude oil prices had declined significantly earlier. He alleged the government collected massive fuel taxes from citizens but failed to explain spending details transparently afterward nationwide. Meanwhile, Devendra Fadnavis defended the Prime Minister and praised India’s economic stability compared with neighboring countries. Fadnavis said petrol prices in Pakistan reached extremely high levels, while India maintained a comparatively stable economic environment domestically.
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