New Delhi, May 5 -- For a little over two months now, the world has speculated on the impact of the Israel-US-Iran war on the world economy. As the war's disruption stretched on, concern began turning into panic over energy and food security. India is in a particularly vulnerable position-both directly, given its high energy dependence on West Asia, and indirectly due to the ripple effects of various impacts across the world.

India's large import dependence makes adaptive responses to economic and social impacts of the war enormously challenging, especially in the immediate time-frame of two years. Approaches to re-evaluating and strengthening energy security in time periods beyond that would have greater degrees of freedom.

At an aggre...