India Mitigates West Asia War Impact, Announces Relief Measures: Piyush Goyal

• Commerce Minister Piyush Goyal states India is actively managing economic fallout from the West Asia war, addressing potential impacts on shipping, insurance, and goods availability.
• Relief packages are being implemented by the Commerce Ministry, with more decisions under consideration across various ministries.
• India demonstrates resilience in food and energy security, with LPG/LNG supplies reinstated to 80% and refineries operating at full capacity with sufficient crude oil stock.
• Government announces temporary full exemption on import duties for critical petrochemical feedstocks and products (April 2 to June 30, 2026) to ensure supply and reduce costs.
• Goyal emphasizes India's diplomatic stance for peace and dialogue, hoping for a quick resolution to the conflict that has impacted global economy and trade.