India Prime Minister Narendra Modi says prolonged energy market stress could reverse decades of development and push large numbers of people back into poverty.
India Prime Minister Narendra Modi warned that the global energy crisis could become a "decade of crisis" if conditions do not improve. He said the disruption risks erasing decades of economic and social progress and could lead to a major return of poverty. The statement highlights how energy market instability, including pressure linked to crude oil, can affect growth, inflation, and living standards far beyond commodity markets.