No Lockdowns, no rationing - India stays steady amid world energy crisis

How does it feel to sit steady while everything around you seems to be on fire It is an unsettling image but it aptly captures Indias position in todays worldAt a time when much of the globe is grappling with the cascading effects of a conflicttriggered energy crisis India appears relatively stable The ongoing tensions involving the US Israel and Iran have sent shockwaves through global energy markets Countries across continents are scrambling to respond to sudden shortages and rising prices of oil and gas a situation few would have imagined before February 28 happenedThe Gulf region long considered the epicentre of global energy supply is itself under strain As disruptions ripple outward governments worldwide are being forced into emergency measuresAnd in the middle of this turbulence India finds itself in a comparatively comfortable position For a country of 140 crore people the availability of petrol diesel and piped natural gas PNG remains largely stable There are concerns around LPG in some pockets but much of it appears driven by panic buying and hoarding rather than any systemic shortageThe situation gives a sense of pride and places India high up During the Covid19 pandemic when many powerful nations turned inward shutting borders and guarding resources India stepped up both domestically and globally Through the Vaccine Maitri initiative it extended support to nearly 100 countries reinforcing its role as a dependable partner in times of crisisTodays situation though different in nature once again highlights contrasts across countries Several governments have had to take harsh measures that directly affect daily lifePakistan has sharply increased fuel prices introduced workfromhome measures and shut educational institutions Sri Lanka has cut down public lighting reduced airconditioning use in state offices and adopted a fourday workfromhome model Bangladesh has enforced fuel rationing and closed universities Vietnam has also moved to remote working The Philippines has declared a national energy emergencyEven developed economies are not immune Australia is witnessing fuel shortages with hundreds of service stations running dry exacerbated by panic buying Price increases and demand spikes are becoming common across marketsAgainst this backdrop Indias position stands out There has been no hike in petrol diesel or gas prices so far Supplies remain available and the government has maintained that the country has adequate reserves reportedly enough for over two months along with measures to boost domestic production and encourage alternatives such as PNGFor ordinary Indians this translates into a degree of normalcy that is increasingly rare elsewhere Vehicles continue to run fuel is accessible and daily life remains largely unaffected In contrast even in the US rising fuel prices have pushed up the overall cost of living contributing to inflationary pressuresAmid this the political discourse at home has been far from measured Criticism is an essential part of democracy but there is a thin line between questioning the government and fuelling unnecessary anxietyWest Bengal Chief Minister Mamata Banerjee raised concerns about a possible lockdown a day ahead of Prime Minister Narendra Modis scheduled virtual meeting with the chief ministers to discuss the fuel situation amid the ongoing West Asia conflict on March 27 Lok Sabha LoP Rahul Gandhi warned of compromised energy security attributing it to foreign policy failures Akhilesh Yadav spoke of widespread LPG shortagesThese are serious claims but they sit uneasily with the ground reality When the crisis itself is global and largely beyond the control of any single government the focus perhaps should be on constructive suggestions rather than amplifying fearsThe political heat may continue to rise but on the ground the picture remains steady Roads are busy fuel stations are functioning pipelines are supplying gas and households are managing their needsIndia has not stopped The country is witnessing hectic political activity revolving around Assembly elections in four states and one union territory and the inauguration of premier development projects such as the Noida International Airport the enthralling IPL tournament has also begun international halfmarathons are also being held in some states and Dhurandhar continues to make a dream runFor once in a world under strain India stands on relatively steady ground The road ahead may not be without challenges if the Gulf conflict escalates but this is hardly the time to panic A measured response and some trust in the governments handling will serve better than alarmismThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever