New Delhi, May 11, 2026

At a time when global tensions and economic uncertainties continue to impact several nations, India has projected confidence over its energy and financial stability. Defence Minister Rajnath Singh stated that the country has adequate reserves of oil and gas to meet domestic needs, highlighting the government’s preparedness to handle any emerging challenges. He also noted that India’s foreign exchange reserves have reached 703 billion dollars, reflecting the strength of the economy.

Speaking on the country’s preparedness, Rajnath Singh said India remains alert and capable of dealing with changing international conditions. He emphasized that the government is closely monitoring global developments while ensuring that essential resources remain available. His remarks come amid concerns in several parts of the world over supply disruptions and economic pressure caused by geopolitical instability.

The Defence Minister said the rise in India’s forex reserves demonstrates the resilience of the country’s financial system. According to him, the strong reserve position will help India manage external pressures more effectively and maintain economic balance during uncertain times. The statement also underlined the government’s focus on strengthening long-term economic security.

Rajnath Singh further stressed that the government is continuing to push forward with the vision of a self-reliant India. Efforts are being made across sectors including energy, defence and infrastructure to strengthen the nation’s capabilities. His statement reflected confidence that India is well-positioned to face future challenges while maintaining stability and growth.