Business
India Beats US Tariff Threat
Expert warns global price shocks pose greater threat to India's economy than Russian oil tariffs
India's economy shows resilience against US sanctions on Russian crude oil. A new Senate bill from the US threatens to impose significant tariffs on countries engaging in Russian energy purchases. However, potential tariffs on nations buying Russian oil will minimally impact India's economy. India has strengthened non-dollar payment channels to mitigate risks. Global price shocks pose a greater threat than changing oil suppliers.
