Raghuram Rajan's warning to India after Hormuz shock: Build bigger oil reserves, diversify faster
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4 Articles
Hormuz Crisis Shows India Needs Deeper Oil Buffers, Diversified Supply Routes to Strengthen Energy Security: S&P
Get latest articles and stories on Business at LatestLY. "The effective closure of the Strait of Hormuz since late February 2026 is now the dominant factor in India's oil market," the report said, adding that the episode has revealed "a deeper vulnerability: India's crude oil dependence and the resulting knock to energy security, despite ongoing crude diversification efforts." Business News | Hormuz Crisis Shows India Needs Deeper Oil Buffers, D…
Times of India
The Economic TimesRaghuram Rajan's warning to India after Hormuz shock: Build bigger oil reserves, diversify faster
Global economic shocks from trade disruptions and geopolitical tensions are reshaping resilience, according to Raghuram Rajan. He stresses India's need for larger strategic oil reserves and diversified import/export markets. Rajan also highlights the rupee's depreciation linked to low foreign investment and urges a long-term view on critical commodity exposure, advocating for domestic production and strategic buffers.
New Delhi: The crisis in the Strait of Hormuz has raised serious questions about India's energy security. According to an analytical report by S&P Global Energy, India needs to diversify its crude oil import sources, develop large strategic oil reserves, and reduce its dependence on import-dependent fuels to strengthen its long-term energy security. The report states that India has attempted to diversify its crude oil import sources in recent ye…
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