In light of rising geopolitical tensions and fluctuating global commodity prices, consultancy firm EY has urged India to establish larger strategic reserves of essential commodities, including crude oil, fertilizers, and medicines, to safeguard its economy against future shocks. The report highlights that the ongoing crisis in West Asia has revealed India's vulnerability due to its heavy reliance on imported energy and critical supplies, which can lead to increased fuel prices and inflation. Currently, India's strategic crude oil reserves are only adequate for four to five days of domestic consumption, significantly lower than those of other major economies. EY recommends that India maintain suitable reserves of crude oil, LPG, fertilizers, rare earth materials, and critical medical supplies. Additionally, the report stresses the importance of diversifying energy sources and enhancing green energy initiatives to reduce long-term dependence on imports. This strategic shift is deemed necessary as economic security becomes increasingly vital for India, especially in the current global landscape.