Nobel laureate Abhijit Banerjee suggests India re-evaluate the benefits of cheap Russian oil imports following the US imposition of a 25% tariff on Indian goods, effectively raising duties to 50%. He proposes considering halting Russian oil purchases to potentially negotiate tariff removal with the US, especially given the impact on India’s exports.
India should consider whether cheap Russian oil beneficial after US imposes tariffs: Nobel laureate Abhijit Banerjee
