Headline: India’s Oil Embrace of Russia Deepens: 30% Import Share Defies US Pressure
India’s reliance on Russian crude oil surged to over 30% in 2024, a significant jump driven by attractively priced supplies from Moscow. This development comes despite considerable pressure from the United States to diversify energy sources.
The substantial increase in imports reflects India’s unwavering focus on securing affordable energy for its burgeoning economy. The government prioritizes market dynamics and cost-effectiveness in its energy policy.
New Delhi has consistently maintained that its energy decisions are guided by national interests and are not subject to external influence. This stance underscores India’s commitment to securing its energy needs at the best possible price.
This strategic approach to oil imports has significant implications for India’s geopolitical standing and its economic growth trajectory. The nation’s ability to navigate global energy markets independently will be crucial in the years to come, particularly amidst shifting global dynamics.
