Why India Will Struggle to Reduce Its Reliance on Russian Oil

Core Insights - India has significantly increased its reliance on Russian oil, with imports rising to approximately one-third of total oil imports, compared to just 2% prior to the Russian invasion of Ukraine in early 2022 [1] Group 1 - India's oil imports from Russia now account for roughly 33% of its total oil imports [1] - Before the invasion of Ukraine, India's dependence on Russian oil was only 2% [1]