India's strong refining capacity reduced impact of energy shocks on India, helped save cost: EY

India's robust refining capacity played a crucial role in mitigating the impact of the recent energy crisis, particularly from West Asia, on its economy. With the ability to process large volumes of crude oil domestically, India avoided significant cost increases and supply disruptions, demonstrating its resilience in the face of global energy shocks. This capacity not only saved costs but also highlights India's strategic advantage in managing energy security, which is vital for maintaining economic stability amidst global market fluctuations.