Raghuram Rajan's warning to India after Hormuz shock: Build bigger oil reserves, diversify faster (opens original article in a new tab)

Economist Raghuram Rajan advises India to build larger oil reserves, diversify trade, and enhance energy security amid global trade disruptions and geopolitical tensions.

• Raghuram Rajan warns that global trade disruptions, including the Strait of Hormuz crisis and US tariffs, are reshaping economic resilience strategies.
• India needs larger oil reserves, diversified import sources, and domestic production of renewable energy components to enhance energy security.
• Rajan highlights the need for India to diversify trade partners and address structural issues in attracting foreign investment and domestic investment.