India Faces Heatwave Power Crisis and Economic Strain

India is grappling with record daytime power demand during a heatwave, prompting the government to urge citizens to use electricity wisely. The strain on the job market is worsening as war in the Middle East disrupts remittances and trade. The central bank is prioritizing inflation control over defending the rupee, and questions arise about whether Venezuelan oil could alleviate the energy crisis amid tensions in the Strait of Hormuz.