Srinagar, July 1 -- When strikes closed the Strait of Hormuz at the end of February - the channel through which close to a fifth of the world's oil and the bulk of India's crude oil and cooking gas pass - the script for India seemed already written. A country that imports nine-tenths of its crude and more than half its cooking gas through the Gulf was, by the textbook, headed for queues at the pump, empty kitchens, a run on the rupee and a scramble for dollars. Nearly four months on, with the Strait reopening and crude back near its pre-crisis level, none of that came to pass. Not a single retail outlet ran dry. Every household that wanted a cylinder got one. India faced neither a 1991 moment nor a 2013 one. Macroeconomic stability held....