India, March 27 -- The ongoing war in West Asia has been described as the biggest ever supply shock for petroleum products and it has sent crude and gas prices soaring. Everybody in the world will have to pay more for fuel, whether in vehicles, kitchens, even electricity (outside India). But the economic pain of the war will not be confined to fuel alone. It is bound to inflict a much bigger disruption because of the critical role of petroleum and petrochemicals in industries. What will this mean for India? HT has analysed the data in t

he Annual Survey of Industries (ASI), the most detailed database of formal Indian manufacturing. The latest (2023-24) ASI report shows that the factories covered here account for almost two-thirds of Indi...