Industry Leaders Rally Behind PM Modi's Vision Amid Middle East Oil Crisis

At the CII Annual Business Summit 2026, industry leaders supported PM Modi's call for collective action in response to the oil crisis. They highlighted India's ability to weather global challenges through technology, resource conservation, and domestic growth, emphasizing the roles of government, industry, and citizens in overcoming short-term hurdles.

During the CII Annual Business Summit 2026 in New Delhi, leading industrial figures echoed Prime Minister Narendra Modi's call for shared responsibility amid the Middle East oil crisis. They emphasized India's need to leverage technology, conserve resources, and focus on domestic growth as critical factors to navigate these turbulent times.

Kris Gopalakrishnan, Co-Founder of Infosys, praised the government's efforts to shield the nation from global disturbances. He remarked that India's consultative approach to policy-making has kept inflation in check, ensuring it remains one of the world's fastest-growing large economies. However, he acknowledged the oil crisis impacts energy and logistics costs.

Deepak Shetty, CEO of JCB India Ltd, highlighted the importance of technology adoption as a means to support national growth. He lauded India's resilience and cited continued government investments in infrastructure as a positive indicator. Meanwhile, George Young from Rockwell Automation noted India's advancements in AI and machine learning, urging global leaders to learn from India's innovative culture.