Can PM Modi's five-nation tour help India tackle the crude oil shock?
New Delhi, May 15 -- While crude oil and gas prices have remained elevated over the past two months, India's heavy dependence on these commodities has intensified concerns over energy security.
Against this backdrop, Prime Minister Narendra Modi's five-nation tour has reinforced expectations that the country could secure long-term energy supply arrangements while also strengthening ties with Europe and the Gulf region.
PM Modi began his five-nation tour with a visit to the United Arab Emirates on 15 May, where he held talks with UAE President Mohamed bin Zayed Al Nahyan. During the visit, both countries signed several key agreements, including deals related to petroleum and LPG supply.
The agreements come at a crucial time, as India is...
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