Agreed.GoI may have felt the same thing. I am increasingly of the opinion that Modi went to Israel to set the terms & conditions of our involvement.
People get what they want. People want freebees, so they get freebees. The Indian govt. is shortsighted because the Indian people politically rewards shortsightedness.
We are already gobbling up all floating Russian crude in the Indian ocean. Recently started spot purchase of LNG from Russia. It will get worse before it gets better. But it's not all doom & gloom.
Side effect of this conflict would be Russia making a lot of money & using that money to screw over Ukraine.
OIl/gas producing countries that need to sell their energy products to run their economy aren't the biggest losers? They are losing refineries, airports, seaports etc., not to mention lives of their citizens. Military installations are getting hit with missiles & drones daily.
We are the "biggest" losers? A bit hyperbolic, no?
Urea we can manage on our own. DAP fertilizers require raw materials from the Gulf/Arab countries, signed an agreement with Egypt last year. MOP fertilizers raw materials come from Russia & Canada, these will be unaffected.
If we can scale up LNG purchases from Russia, then DAP fertilizers is a very solvable problem. Also, if we could scale up production of the recently productionized nano-Urea then the countries overall fertilizer demand can be reduced. Over some years this may make us self-sufficient in fertilizers.
For many industries this disruption will be like COVID. Sectors/Product that GoI paid no attention to would receive support like never before. By the end of this disruption supply chains would become more resilient & self-sufficient.
This is true. IN destroyers have been roving around the region for a month now. But this is a political call & a decision needs to be made soon.
First comes the andher nagri, then comes the chaupat raja.

