What will be the fallout of West Asia war on economy, Opposition asks government

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Leader of Opposition successful  the Lok Sabha Rahul Gandhi, with Congress MPs Priyanka Gandhi Vadra, Imran Masood, and S. Jothimani, and others, during the 2nd  portion  of the Budget Session of the Parliament, connected  March 24, 2026.

Leader of Opposition successful the Lok Sabha Rahul Gandhi, with Congress MPs Priyanka Gandhi Vadra, Imran Masood, and S. Jothimani, and others, during the 2nd portion of the Budget Session of the Parliament, connected March 24, 2026. | Photo Credit: PTI

The Opposition connected Tuesday (March 24, 2026) questioned the authorities successful the Lok Sabha connected the effect of the ongoing warfare successful West Asia connected the Indian economy, adjacent arsenic it accused the Centre of giving up its strategical autonomy to the United States.

The ruling BJP, connected the different hand, said the Opposition was criticising the authorities without facts oregon substance.

Congress MP Manish Tewari, participating successful a debate connected the Finance Bill 2026 successful the Lok Sabha, said the projected commercialized statement with the U.S. volition unfastened the Indian marketplace for U.S. cultivation products.

He said determination has been a monolithic autumn successful the rupee, with nary steps taken to cheque its drop. There has been an exodus of Foreign Direct Investment (FDI) and Foreign Portfolio Investment (FPI) from the country, and the system is not kicking off, helium said. “What volition beryllium the load of the ongoing warfare successful West Asia connected India, and what volition beryllium concern successful the state aft April 30, erstwhile the 2nd signifier of Bengal elections gets over,” Mr. Tewari asked the government.

‘Only disruptions’

BJP MP Navin Jindal accused the Opposition of criticising the authorities without immoderate “facts oregon substance”. He said India had go the fastest-growing system owed to the government’s accordant efforts. The Opposition is engaged lone successful protests and disruptions without realising that the payment programmes undertaken by the authorities would payment their constituents too, helium said.

Mr. Jindal said that successful its 11 years of rule, the NDA Government encountered galore problems – COVID, geopolitical tensions, warfare – but faced each situation boldly to bounce backmost connected the way of progress.

Congress MP Deepender Singh Hooda targeted the Modi Government implicit the falling worth of the Indian rupee [presently astatine ₹93] against the U.S. dollar. He said that erstwhile planetary crude prices were $147 per tube successful 2009, the rupee was inactive astatine ₹48 against the dollar. “In 2014 erstwhile we near the government, the worth of rupee was ₹60 to a dollar,” helium said, adding, “They [the BJP] support talking astir fastest-growing ample economy. I person done immoderate probe and recovered retired that we are the fastest-falling currency.”

Aam Aadmi Party MP from Punjab, Malvinder Singh Kang, said if determination tin beryllium commercialized relations betwixt Mumbai and the Pakistani metropolis of Karachi, past wherefore can’t determination beryllium akin commercialized betwixt Amritsar and Lahore successful Pakistan. India closed the Attari-Wagah border, a cardinal commercialized route, aft the May 2025 Pahalgam panic attack.

The JD(U) MP from Bihar, Ramprit Mandal, sought peculiar steps for the State’s industrialisation. The NDA authorities has brought astir all-around improvement successful the country, helium said and hailed its payment schemes for the mediocre and marginalised sections of society.

The Congress MP from Telangana, Vamsi Krishna Gaddam, sought taxation alleviation for Dalit concern founders and employee-linked incentives to promote employers to enlistee Dalit staff, portion Maharashtra Congress MP Kirsan Namdeo accused the authorities of disinvesting nationalist assemblage enterprises acceptable up by the Congress.

Published - March 24, 2026 09:45 p.m. IST

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