However, the move, he said, is a short-term, pragmatic effort to stabilise the market and did not signal any change in Washington's policy towards Russia
Strategic reserves offer limited cover as shipping disruptions slow the arrival of replacement barrels
Exporters stare at either a diversion in routes, or a U-turn to India
Rising tensions in West Asia are slowing recruitment of Indian workers to Gulf countries, potentially delaying over 300,000 overseas job placements in the coming months
Some ministries are over 45% short of revised estimates
Alternative routes for LPG, LNG supplies being explored, say officials
States spent only 51.8 per cent of their combined FY26 capital expenditure budget during April-January, trailing the Centre's capex pace, according to CAG data
CBIC has issued temporary relaxations for handling export cargo returning to Indian ports due to the Strait of Hormuz disruption, outlining simplified processes to speed up clearances
Centre explores PPP model for at least one of seven proposed bullet train corridors as India plans ₹16-trillion high-speed rail expansion
As The Wealth of Nations turns 250, debates over tariffs, inequality and monopolies show how Adam Smith's ideas remain strikingly relevant to today's economic battles
As the Israel-Iran conflict escalates, India's deep trade, energy and remittance links with West Asia highlight the economic stakes
India's trade deals with the US and Europe promise market access and investment flows, but industry readiness and new regulatory barriers may shape their real impact
Ensuring that women are fully represented in the industries that power this transition is not only about equity. It is about building the strongest possible foundation for India's next phase of growth
India imports about 88 per cent of its crude oil requirement, with roughly half of those supplies in February passing through the Strait of Hormuz
Addressing concerns over supply chain vulnerabilities, the government has successfully reduced its reliance on the volatile Strait of Hormuz by diversifying its import routes
India exported $7.48 billion of cereals, fruits, vegetables and spices to West Asia in 2025, with the region accounting for 29.2 per cent of India's global exports in this category
The minister added that India and the US are strategic partners, and the two are the largest democracies in the world
Despite oil prices staying relatively contained amid the crisis, with traders warning of $100 crude, the impact is already being felt across Asia, the world's largest energy-consuming region
A prolonged conflict in the region can be detrimental to the economy, placing pressure on inflation, exchange rate, trade and capital flows, the balance of payments, and the current account deficit
Now at a premium, Russian crude imports surge after start of war in West Asia