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‘Decade of crises ahead’: Global gains at risk as PM Modi warns on Middle East escalation
Prime Minister Narendra Modi on Saturday warned that continuing wars and global instability could reverse decades of development and push large populations back into poverty, as he stressed the need for resilient and trusted global supply chains.
Addressing the Indian diaspora in The Hague during his visit to the Netherlands, PM Modi said the world was passing through an extremely challenging phase marked by the after-effects of the Covid-19 pandemic, ongoing wars, and an energy crisis.
“First came corona, then wars broke out, and now there’s an energy crisis,” the Prime Minister said, adding that “this decade is becoming a decade of crises for the world.”
“If this situation does not change quickly, the achievements of past decades could be wiped away.
A large section of the world’s population could fall back into the trap of poverty,” he added.
Against this backdrop, the Prime Minister highlighted growing cooperation between India and the Netherlands in building secure and transparent supply chains.
“In such global circumstances, the world today is talking about resilient supply chains, and India and the Netherlands are working together to build a trusted and transparent supply chain,” he said.