India, March 12 -- Economists are busy calculating the terms of trade shock of the ongoing war in West Asia on India. The non-economists are worried about restaurants and houses running out cooking gas. The real impact of the shock will be determined by the economic chemistry of hydrocarbons and second order economic effects of the disruption because of the war. Here are some data points which put things in perspective.

Published by HT Digital Content Services with permission from Hindustan Times....