Nationalist Congress Party (SP) leader Sharad Pawar warned on Tuesday (May 12, 2026) that Prime Minister Modi’s austerity appeal indicates a long-term impact on the Indian economy and demanded an all-party meeting to discuss the instability caused by the West Asia conflict.
“Due to the sudden nature of Prime Minister Narendra Modi’s announcements, the economy is likely to face far-reaching impacts, creating an atmosphere of unease among citizens, the industry-business sector, and investors,” said Mr. Pawar, also former Chief Minister of Maharashtra.
