The Strait of Hormuz crisis threatens inflation, growth, and India’s macroeconomic stability
Citizens have been urged to conserve fuel, cut imports, and reduce foreign-exchange pressure
Allowing fuel prices to adjust can naturally encourage lower consumption and efficiency
Concerns over inflation often delay price corrections, despite mounting fiscal costs
A weaker rupee and stronger capital inflows can help ease pressure on the external account
Sustained shocks demand faster reforms, better communication, and tougher policy choices