Expressing concern over the evolving geopolitical situation in the Middle East and its potential ripple effects on India’s economy, senior transport leader Bal Malkit Singh has urged the Government of India to take proactive and preventive measures to safeguard key sectors, particularly road transport and the MSME ecosystem.
Bal Malkit Singh, Advisor and former President of the All India Motor Transport Congress, former President of the Bombay Goods Transport Association, Advisor to the Bombay Motor Transport Operators Federation, and Executive Chairman of the Maharashtra State Punjabi Sahitya Academy, Government of Maharashtra, highlighted emerging risks of an “energy war” that could lead to shortages of crude oil, gas, and related products.
He stated that early signs of disruption are already visible across industries, with rising input costs, declining production, and operational challenges affecting factories, small businesses, and commercial establishments nationwide.
Singh emphasized that the road transport sector — considered the backbone of India’s supply chain — is witnessing a gradual slowdown due to reduced industrial output. In some regions, vehicle movement has reportedly declined by up to 50 percent, with fears that the downturn could worsen to 70–80 percent if the situation continues.
He further pointed to increasing prices of essential inputs such as tyres, fuel, lubricants, and AdBlue (urea), along with closures and higher prices at highway eateries and dhabas, which are directly impacting the driver community. Reduced employment opportunities are also raising concerns about driver migration.
According to Singh, cascading economic effects could include rising production costs, mounting pressure on MSMEs, and an overall increase in the cost of living for citizens.
Calling the current geopolitical developments an early warning signal for the economy, he stressed that timely government intervention is essential. He recommended relief measures such as EMI deferments, soft loan schemes, and tax concessions to support MSMEs and transport operators and ensure business continuity and economic stability.
Expressing confidence in Prime Minister Narendra Modi’s leadership, Singh said India has successfully handled previous crises, including the COVID-19 pandemic, and emphasized the need for timely policy support to minimize ground-level disruptions.
He added that the industry remains committed to supporting national interests and maintaining supply chain continuity, provided adequate relief and policy assistance are extended during this critical period.
