Prime Minister Narendra Modi will chair a high-level meeting of the Union Council of Ministers on Thursday, with the government expected to focus sharply on insulating the Indian economy from the fallout of the escalating West Asia conflict, including risks to crude oil supplies, shipping routes, fertiliser imports and domestic inflation.

The meeting at Delhi’s Seva Teerth — the first full Council of Ministers gathering this year — comes at a time when geopolitical tensions are rattling global energy markets and raising concerns over supply-chain disruptions.

As per media reports, the Prime Minister is expected to review preparedness across key ministries and direct departments to minimise the impact of external shocks on businesses and consumers.

All Cabinet ministers, ministers of state with independent charge and ministers of state have been asked to attend the meeting, which is likely to continue for several hours.

Energy, logistics and fertiliser sectors under focus

The government is learnt to be closely monitoring the possible economic consequences of the conflict, particularly on crude oil prices, maritime trade routes and import-dependent sectors.

Officials indicated that ministries linked to petroleum, fertilisers, agriculture, aviation, shipping and logistics are expected to present contingency plans during the discussions. A high-level informal group of ministers led by Defence Minister Rajnath Singh — with Home Minister Amit Shah, Finance Minister Nirmala Sitharaman and Petroleum Minister Hardeep Singh Puri among its members — is already overseeing the evolving situation.

The Centre has maintained that India currently has adequate fuel and LPG supplies, but policymakers remain cautious over the possibility of prolonged volatility in global energy markets.

Governance review ahead of Modi 3.0 anniversary

Beyond the geopolitical crisis, the meeting is also expected to double up as a governance and performance review exercise ahead of the Modi government completing its first year in office on June 10.

According to sources, ministries have submitted detailed reports to the Cabinet Secretariat outlining reform measures undertaken over the past two years and the progress of flagship schemes.

The timing of the meeting has also intensified speculation around a possible Cabinet reshuffle or expansion in the coming weeks.

Government sources told PTI that the leadership is assessing ministerial performance, implementation efficiency and organisational coordination as part of a broader governance review.

According to media reports, the Prime Minister is also expected to push ministries to sharpen delivery and execution as the government prepares the next phase of its economic and administrative reform agenda.