Topic: Effect of policies and politics of developed and developing countries on India’s interests, Indian diaspora. Infrastructure: Energy, Ports, Roads, Airports, Railways etc.
4) The Saudi Aramco incident is a wake-up call for Indian policymakers to work on an inward looking national policy on energy security. Critically analyse. (250 words)
Why this question:
The recent drone attacks have caused the biggest-ever disruption in global crude oil supplies and has further escalated tensions in the Persian Gulf. With the drone strikes disrupting around 5% of the global oil supply and further exacerbating tensions in West Asia; India is keeping a close watch on the rapidly evolving situation.
Key demand of the question:
The answer should analyse the need of a strong policy that focuses on growing energy security requirements of the country amidst changing world energy scenario.
Critically analyze – When asked to analyse, you have to examine methodically the structure or nature of the topic by separating it into component parts and present them as a whole in a summary. When ‘critically’ is suffixed or prefixed to a directive, one needs to look at the good and bad of the topic and give a fair judgement.
Structure of the answer:
In brief explain the recent incident.
Explain the following –
Saudi Arabia is a crucial source of energy for India and the second largest supplier of crude and cooking gas to India, Any spike in global crude prices will impact India’s oil import bill and trade deficit.
Discuss how it will affect the energy security scenario of the country.
What should be India’s stand, suggest way forward.
Conclude with the need of the policy makers to focus on alternative energy resources.