As oil prices surge amid the Strait of Hormuz crisis, India’s decade-long push for renewable energy, EVs, hydrogen and domestic manufacturing under PM Modi is emerging as a strategic shield against global energy shocks.
Moscow's shipments were halted by Western sanctions, but Indian giants such as Reliance's Jamnagar, the world's largest refinery, devoured Urals grade and turned it into aviation fuel that ironically powered Europe's fleets affected by the restrictions, bringing in $6 billion in refined reward.