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BJP's Ghosh Warns West Asia War Will Hit Global Economy, Oil Prices

BJP leader Dilip Ghosh has voiced serious concern over the escalating military conflict in the Middle East, warning it will lead to global economic decline and spike oil prices. He emphasized that the world is just recovering from the pandemic and cannot afford another widespread war. Ghosh backed India's neutral foreign policy, stating the nation desires peace, especially with over 1.5 crore Indians living abroad, many in the affected region. The statement comes amid a fourth day of strikes and retaliatory attacks between the US, Israel, and Iran.

Key Points: Dilip Ghosh on West Asia Conflict: War Must Stop for Economy

  • Warns of global economic decline
  • Highlights rising oil and gas prices
  • Notes risk to Indian diaspora in Middle East
  • Backs India's neutral stance for peace
2 min read

War would impact world economies; it should stop: BJP leader Dilip Ghosh on West Asia conflict

BJP leader Dilip Ghosh expresses concern over Middle East conflict's impact on global economy, oil prices, and Indian diaspora, backing PM Modi's neutral stance.

"The way war is spreading across the world, it will cause the economy to decline... Oil prices will rise... Therefore, the war must stop. - Dilip Ghosh"

Kolkata, March 4

West Bengal leader Dilip Ghosh on Wednesday expressed serious concern over the military escalation in the Middle East and underlined the long term impact of the joint US-Israel strikes and retaliatory strikes of Iran on the global economy and oil prices.

Ghosh told ANI, "I don't know what's going on, but whatever is happening is not right... We have just emerged from a pandemic. Then, the war began. The way war is spreading across the world, it will cause the economy to decline... Oil prices will rise, and gas will become a problem. Therefore, the war must stop.

The BJP leader said that India has adopted a neutral stance and is yearning for peace.

"This is why India is neutral. We are not on anyone's side. We are not in favour of war. We want peace in the world... Indians are present in every country in the world. More than 1.5 crore Indians live worldwide, and especially in the Middle East, many Indians travel there for jobs and business... That's why the government announced plans to bring them back... Therefore, trust Prime Minister Narendra Modi..."

Earlier, amid escalating tensions in the Middle East following military strikes on Iran, a fire that broke out near the premises of the US Consulate General in Dubai late Tuesday night, following a suspected drone strike, has been fully extinguished, with authorities confirming that no injuries were reported.

Dubai authorities have confirmed that a fire resulting from a drone-related incident near the US Consulate has been successfully contained. Emergency teams responded immediately. No injuries have been reported.

The conflict in the Middle East has entered its fourth day following the US and Israeli strikes on Iran that killed Supreme Leader Ayatollah Khamenei, along with other key figures in the Persian Gulf country. In retaliation, Tehran has responded with counter-strikes targeting American military bases and other Israeli assets across the region.

- ANI

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Reader Comments

P
Priya S
My brother works in Dubai. Our whole family is worried. Thankful for the government's plan to bring Indians back if needed. Safety of our people abroad should be the top priority.
R
Rohit P
India's neutral stance is wise. We have good relations with both the Gulf countries and Israel. Getting involved in their fight makes no sense for us. Our focus should be on bringing our citizens home safely and protecting our economy from oil price shocks.
S
Sarah B
While I appreciate the call for peace, the statement "I don't know what's going on" from a senior leader is concerning. Our leaders should be well-informed on global issues that affect millions of Indians and our economy. The intent is good, but the approach could be better.
V
Vikram M
Absolutely correct. Inflation is already a headache for the common man. If oil prices shoot up because of this war, everything from vegetables to bus fare will become costlier. War is a luxury we cannot afford.
K
Karthik V
The Middle East is like a second home for so many Indian professionals and workers. Their remittances support our economy back home. Stability there is directly linked to stability in many Indian households. Hope diplomacy wins.

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