Will an oil shock and trade turmoil get in the way of India’s 2047 aim? Let’s acquire resilience against setbacks
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Policy framework or directive — a strategic document setting direction, principles, and objectives for governance. Guides the design of schemes, legislation, and implementation strategies.
Summary
Estimates of the Gulf war’s blow to India’s economy spotlight the need for uncertainty buffers. To cushion itself, India must expand strategic energy reserves, speed up its clean transition and optimize its policy path in the face of tricky trade-offs.