India needs austerity, but energy security requires breaking silos in government is among the main developments being tracked today. The government should consider enacting an ‘Energy Responsibility and Security Act’ that defines the roles and responsibilities of every citizen in securing energy ‘atmanirbharta’ and sustainability.
The PM has issued a clarion call for energy austerity.
This is timely because even when the Straits of Hormuz reopen, India will continue to face elevated energy prices and supply uncertainty.
Worldwide, stocks of crude oil and petroleum products have been depleted.
Eight refineries in the Persian Gulf and Qatar’s Ras Laffan LNG terminal have been damaged.
In addition, while a “no war-no peace” scenario (like the relationship between North Korea and South Korea, or the current ties between India and Pakistan) may continue indefinitely, India cannot discount the possibility of miscalculation, misadventure, and/or misunderstanding triggering a violent rupture.
For Indian political coverage, the most important question is whether the development changes governance priorities, party strategy, parliamentary work, electoral positioning or the public record around a policy decision.
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