Navigating Growth: Markets, States and Geopolitics

Can India afford to cut down or even stop Russian oil imports under the new global trade dynamics? Chief Economic Adviser V. Anantha Nageswaran says such questions cannot be answered with speculation. Responding to concerns about whether alternative supplies from Venezuela or other sources can fill the gap, he stressed that the "math has to be worked out" before any conclusions are drawn. The CEA made it clear that India has made no commitment to end Russian oil purchases and that decisions on energy imports must be based on careful economic calculations, not public hypotheticals. His message, India's energy security strategy will be guided by hard numbers, not headlines.