• Indian Prime Minister Narendra Modi is embarking on a tour from May 15 to 20, including visits to the United Arab Emirates and Europe.
  • The trip follows Modi’s call for fuel savings and reduced imports due to rising energy prices caused by the Middle East crisis.
  • Indian stocks fell and the rupee hit an all-time low due to higher oil prices.
  • In the UAE, Modi will discuss energy cooperation and regional issues.
  • The European leg aims to deepen trade and investment ties with the Netherlands, Sweden, Norway, and Italy.
  • India earlier this year reached a trade agreement with the EU.

Sources & Links