Hormuz to home, India’s resilience in uncertain times
The article highlights India's robust economic resilience and strategic response to external shocks, particularly the West Asia crisis impacting the Strait of Hormuz. Despite high dependency on crude oil imports, India successfully maintained macroeconomic stability, controlled inflation, and ensured energy security. This was achieved through a calibrated approach involving supply diversification, diplomatic engagement, inventory management, and coordinated efforts by the government and the Reserve Bank of India. The article emphasizes that long-term investments in infrastructure, diversified supply chains, and policy preparedness are crucial for building such resilience.
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