Inter-ministerial team said India’s oil supply chain remains intact due to diversified imports; MEA sets up control room and shipping authorities monitoring Indian vessels in the Gulf.
India’s strategic reserves offer a temporary cushion as the Hormuz blockade amid US-Israel war against Iran jolts global energy markets and threatens energy security.
Despite tariffs, US remains India’s largest export destination, with $52.12 billion worth of merchandise exports in the first seven months of this financial year.
Congress leader DK Shivakumar is patient, transactional, fiercely loyal, administratively ambitious, and unafraid of power. Is Karnataka ready for the most complete expression yet of his method?
Having failed to emulate East Asia’s success with manufacturing exports, India pays for its chronic trade shortfall by writing IOUs to global investors.
An oil shock, monsoon fears, rampant unemployment, and the seeming inevitability of inflation are common to both eras. Indira Gandhi’s self-destructive responses are instructive today.
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