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India's shaky energy security and growing dependency on foreign fuels

New Delhi is yet to announce a comprehensive and detailed policy across the energy spectrum to tackle this very real threat to economic growth

Topics
Indian Economy | energy sector | Crude Oil

S Dinakar 



oil
Photo: Bloomberg

One can argue that energy security is of greater importance than national security. A country can always defend or strike back in case of an invasion, just as Ukraine is pushing the Russians back. But, if someone pulls the plug on supplies of oil, coal or natural gas, as Russian supply cuts to Europe now and Saudi Arabia led oil embargo targeting western nations in 1973 show, there’s a nasty impact on a country’s economy, more so on developing nations like India.

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First Published: Mon, August 29 2022. 20:12 IST

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