War test India Inc’s shield to energy shocks

The war in West Asia is a reminder that for a heavily energy-importing economy like India, developments underway in that region can quickly translate into macro variables. Even if energy supplies continue to flow, longer shipping routes, higher insurance premiums and logistical bottlenecks can raise landed costs. Economic transmission doesn't require a complete halt in crude supply. Friction alone can alter cost structures.Oil prices have already shown considerable volatility, crude dropping bel...