Economic TimesLean R·
Raghuram Rajan's warning to India after Hormuz shock: Build bigger oil reserves, diversify faster
Global economic shocks from trade disruptions and geopolitical tensions are reshaping resilience, according to Raghuram Rajan. He stresses India's need for larger strategic oil reserves and diversified import/export markets. Rajan also highlights the rupee's depreciation linked to low foreign investment and urges a long-term view on critical commodity exposure, advocating for domestic production and strategic buffers.
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