India's Crude Imports Surge 60% Amid Hormuz Crisis

India had to spend a lot more money on importing oil and gas in the first three months of this year.

This is because there was a crisis in West Asia, which made it harder to get these resources and also made them more expensive.

India relies heavily on imports for its oil and gas needs.

Even though the amount of oil and gas they imported didn't increase much, the cost went up a lot.

This is because India decided to make sure they had enough supplies rather than trying to save money.

The high prices are affecting India's economy in different ways, like making inflation higher and making it harder to balance trade.