New Delhi, March 25 -- Households and industries are at risk of painful adjustments even from "small shift" in dynamics as India treads the fine line of 'opportunistic but precarious' jugaad amid the shortage of liquified petroleum gas (LPG), according to an Emkay Global report.

The war in West Asia has entered its fourth week as the United States and Israel continue attacks on Iran, and Tehran fires back on America's allies in the Middle East. Iran has also blocked shipments through the Strait of Hormuz in a tactic that has cut off the world's most prominent oil trading route and disrupted supply worldwide, but especially in Asia.

The strategic Strait of Hormuz transports 20% of the world's fuel supply and 85-90% of India's LPG imports...