Indian Economics Thread II

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pmc

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So much for India is Russia's best friend
This former subsidiary that may no longer functional for this purpose. India cannot move away from Russian imports due to Arab world involvement.

However, India has seen a five-fold increase in imports from Russia to over $15 billion ever since Russia invaded Ukraine, according to Reuters. In fact, India's imports from Russia jumped nearly 80% in the last fiscal year ending Mar. 31, 2022, in contrast to a 22.7% fall in fiscal 2021 and 31.9% plunge in fiscal 2019, according to commerce ministry data.

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