West Asia crisis: India’s balancing act
It has been a month now, and West Asia is still burning — along with the precious oil that fuels economies and provides cooking gas for the common man. The impact of the West Asian crisis is reaching far and wide, and its heat can be felt back home. India is particularly vulnerable, given its almost total dependence on imported oil and gas, and a vast pool of diaspora present in Western Asian countries. To take stock of the situation and watch the unfolding conflict closely, the government has established a high-level committee including key ministers such as Amit Shah and Nirmala Sitharaman to recommend interventions to tide over the impact of the shockwaves reaching Indian shores. With India sourcing a significant portion of its oil from the region, any disruption translates into rising........
