By Samannay Biswas
India has benefited significantly from discounted Russian oil imports, saving approximately $17 billion since 2022. However, the recent imposition of tariffs by the U.S. threatens to drastically reduce Indian exports by over 40% in FY26, impacting jobs in key sectors. While India relies on Russia for defense and energy, it also seeks to strengthen ties with the U.S. Amidst this geopolitical balancing act, Modi鈥檚 government faces domestic challenges and must navigate complex global trade dynamics, highlighting the intricate U.S.-India relationship.