India’s Russian oil trade-off: domestic prices and tariff risks
A post argues that Modi needs access to Russian oil to keep domestic oil prices stable, while tariffs with India’s largest trading partner would hurt labor-intensive industries.
TLDR
A post frames Modi’s dilemma as balancing the need for Russian oil to stabilize domestic oil prices against tariff risks for India’s labor-intensive industries. It also argues that an EU free-trade agreement would put pressure on Modi’s dealings with Russia.
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