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Will an oil shock and trade turmoil get in the way of India’s 2047 aim? Let’s acquire resilience against setbacks

The Gulf war's economic impact necessitates India building uncertainty buffers against rising oil prices, fiscal strain, and inflation. While challenges are significant, India has the tools. The author emphasizes expanding strategic petroleum reserves, accelerating the clean energy transition via ethanol blending, EV adoption, and boosting renewables. These structural priorities are crucial investments for India’s 'Viksit Bharat' goal, ensuring resilience against commodity shocks. Optimal policy can balance growth, inflation control, and fiscal credibility amidst global turbulence.

LiveMint · Prachi Mishra · May 12, 2026 at 8:39 AM

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