Confederation of Indian Industry (CII) has said that India is taking swift and balanced steps to manage the economic impact of the ongoing West Asia conflict with both government and industry working together to safeguard supply chains, energy security, and overall economic stability.

CII Director General Chandrajit Banerjee said that India entered this challenging period from a position of strength. He noted that years of economic reforms and the government’s push for self-reliance under the Atmanirbhar Bharat initiative have improved the country’s resilience to external shocks. Chandrajit Banerjee said, government has taken several decisive steps, including diversifying crude oil sources, maximising LPG production, supporting exports, and ensuring currency stability to cushion the impact of the crisis. He added that the situation highlights the need for India to accelerate its transition towards sustainable and self-reliant energy systems.

Chandrajit Banerjee said, investments in renewable energy, green hydrogen, biofuels, and energy efficiency are not just climate goals but also critical strategies to reduce dependence on volatile global energy markets. At the same time, Indian industry is actively adapting to the situation by diversifying energy sources, improving supply chain efficiency, and taking steps to protect jobs, he said.