Jalandhar, June 4, 2026 (Yes Punjab News):
Amid growing geopolitical tensions, international conflicts and economic volatility across the world, noted Chartered Accountant R.S. Kalra has cautioned that the burden of global uncertainty is falling disproportionately on the poor and middle-income groups, while warning that declining purchasing power is an alarming sign for the economy.
Speaking on the current global economic scenario, Kalra said ongoing conflicts, rising geopolitical tensions and policy uncertainties among major world powers have created an atmosphere of instability that is impacting economies across continents.
He observed that the growing tensions between countries, including the United States and Iran, along with conflicts in different regions of the world, have made the future of global trade, investment and industrial growth increasingly unpredictable.
“Today, nobody can say with certainty what the business, industrial and investment climate will look like in the coming months. This uncertainty has created concern among entrepreneurs, industrialists and investors, making long-term planning more difficult,” he said.
Kalra pointed out that the global economy has become highly sensitive to political developments and diplomatic statements. Even a single remark by the leader of a major country, particularly the President of the United States, can trigger sharp reactions in international financial markets.
“Stock markets, currency markets and commodity markets respond instantly to such developments, often affecting investor confidence and creating further economic instability,” he noted.
According to Kalra, contradictory signals emerging from the policies and strategies of major global powers are adding to the uncertainty and making economic forecasting increasingly challenging.
He explained that the world economy is now heavily influenced by market sentiment. As a result, wars, regional conflicts and geopolitical tensions have the potential to push up the prices of energy, food grains and other essential commodities.
Such developments, he warned, could fuel inflation and place an additional burden on ordinary households.
Kalra emphasized that the impact of inflation is felt most severely by low-income and middle-income families because a significant portion of their earnings is spent on food, fuel and essential day-to-day requirements.
“When prices rise, the standard of living of economically weaker sections is affected directly and immediately,” he said.
He further observed that industries are also facing uncertainty due to fluctuations in raw material prices, supply chain disruptions and investment-related concerns. Many businesses, he said, are postponing expansion plans because of the unpredictable economic environment.
“This could adversely impact employment generation and increase the risk of unemployment and economic inequality,” Kalra cautioned.
Expressing concern over weakening consumer demand, Kalra said that the purchasing power of common citizens is steadily declining. Rising expenditure on essential commodities, transportation, healthcare and education is placing additional pressure on household budgets.
He stressed that sustaining consumer purchasing power is critical for economic growth and stability, adding that policymakers across the world must take timely measures to shield vulnerable sections from the adverse effects of global economic turbulence.
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