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Most other countries at this level of economic development have rates below 10%. Coal imports into China fell around 10% year on year even as domestic production barely inched up. LNG imports declined by low double digit percentages, roughly 10% to 15% depending on the data source, despite years of projections that gas would surge as a bridge fuel. Crude oil imports grew modestly, but that growth was increasingly disconnected from transport fuel demand and tied more closely to petrochemicals and exports.

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Indian Prime Minister Narendra Modi’s response will be critical to de-escalation. If you’ve ever wondered where that perfect cup of morning chai or tea comes from, chances are it’s from Assam. This northeastern state is not only the tea capital of India but also where the story of tea in India begins. Air India added that it will take all required precautionary measures to ensure the safety of passengers, crew and aircraft. Ground teams across its network have been directed to assist travellers and provide updates on flight status as the situation develops.

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