How critical are strategic reserves for India?

For an energy-dependent country, a strategic reserve is extremely critical. Amid the current geopolitical uncertainty and weaponisation of the international energy transit route, a strategic reserve is a quick fix to momentarily address the crisis. Crises of a similar nature, and others, are expected to occur in some form or another. What is important is a country’s preparedness to address it effectively. In such situations, a strategic reserve gives the breathing space to find a quick alternative. The engine of the economy cannot run without energy. India is an energy-dependent country. It is the world’s third-largest oil importer and consumer….