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Raghuram Rajan's warning to India after Hormuz shock: Build bigger oil reserves, diversify faster

As reported by Markets-Economic Times
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.
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Raghuram Rajan advises India to build larger strategic oil reserves and diversify its import/export markets to counter global economic shocks and geopolitical tensions. He also noted the rupee's depreciation due to low foreign investment and stressed the need for domestic…

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