Former RBI Governor Raghuram Rajan has urged India to reconsider Russian oil imports after the Trump administration imposed 50% tariffs on New Delhi’s purchases. Rajan said refiners benefit from profits but exporters bear the tariff cost, calling the move a “wake-up call” for India to diversify trade and reduce reliance on any single partner.
Raghuram Rajan says India should reconsider Russian oil buys, asks who benefits & who is hurt
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