India is surprisingly having no trouble sourcing alternatives to Mideast oil, but the government's subsidy bill risks becoming dangerously unsustainable.

India is rapidly diversifying crude imports away from the Middle East as the Strait of Hormuz disruption cuts access to key Gulf suppliers like Iraq, Kuwait, and Qatar.

India's economy could slow down as prolonged disruptions to supplies of energy, petrochemicals and fertilizers from the Middle East crisis continue to bite, experts say.