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The Economic Times

Economy / The Economic Times

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West Asia war has a crude lesson for Indian economy: Cut the oil imports

The West Asia conflict has exposed India's vulnerability to energy shocks, prompting calls to reduce crude oil imports and boost energy security. An RBI MPC member stressed the need for increased domestic exploration and a faster transition to alternative energy sources to sustain economic growth amidst rising import bills and inflation.

5 May 2026 1:38 pm