00:00So what do these new measures tell us about India's current energy readiness
00:04and its dependence on global markets right now?
00:09Yeah, India has so far resisted raising the prices of petrol and gas at the pumps.
00:15It is one of the very few countries not to raise the fuel prices.
00:21But these moves and measures, including the visit to the UAE,
00:25possibly for several discussions, signal that there may be some official directives
00:31coming from the Indian government.
00:34The address by Modi in the southern city of Hyderabad was an unofficial address to the public.
00:39But analysts say that this could possibly signal an official directive from the government itself
00:46and possibly a new revision to the prices of petrol and diesel at the fuel pumps.
00:52Speaking of gold, India is the world's second largest consumer of gold
00:57and it almost relies entirely on gold imports.
01:03As I said before, the gold is always high in demand here.
01:07It is used in weddings.
01:09People use it as a major gift to give to people.
01:13It is always a major part of a bridal attire.
01:16So, this clearly signals that the pressure is significant across multiple sectors
01:24and the government is basically taking measures.
01:29We have heard from the opposition that they criticized the measures,
01:34saying that they are basically pushing the pain to the people
01:37and they are escaping from their accountability.
01:39But it goes to show that the pressure of this war in the Middle East
01:45is having a significant knock-on effect across people in South Asia.
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