New Delhi, July 20 -- Global energy shocks ripple through the economic ecosystem, driving up inflation, putting pressure on the rupee, eroding corporate profit margins and hitting household budgets. For India, balancing rapid economic growth with heavy import dependencies, managing this volatility can pose a critical challenge. True energy security is no longer about simply navigating a single week of price spikes but building deep resilience for an increasingly uncertain decade.

The macroeconomic math for India is unforgiving. Every $10 increase in crude oil prices pushes up India's current account deficit by 0.3-0.5%, inflates the national import bill by $10-15 billion, slows down GDP growth and drives up inflation. This vulnerability ...