New Delhi, March 17 -- India is well-positioned to withstand global shocks and is not facing an energy shortage despite the crisis in West Asia, finance minister Nirmala Sitharaman told the Rajya Sabha on Tuesday.

Replying to the debate on supplementary demands for grants in the upper house, Sitharaman said India was ramping up domestic capacity and the government had directed refineries and petrochemical complexes to maximize liquefied peroleum gas (LPG) output by diverting propane, butane, propylene and butane statement for its production.

"Nearly 65% of our LPG is imported, and a large share of that comes through the Strait of Hormuz," she said, acknowledging the risks presented by geopolitical tensions. "As a result of government's ...