500390 Overview

India and China’s Oil Dependence: India and China heavily rely on inexpensive Russian oil, purchasing approximately five out of every six barrels that Russia exports.

Impact of U.S. Sanctions: President Trump's new sanctions targeting Russia's largest oil companies are causing concern for both nations, as they fear economic disruption.

Tense U.S.-China Relations: The imposition of high tariffs by Trump on both India and China has led to strained relations with the United States.

Rising Pressure on Economies: The combination of sanctions and tariffs is increasing pressure on the economies of India and China, complicating their reliance on Russian oil.

Budget Highlights: India's budget includes a lowered deficit target, tax cuts, and support for factories and the middle class, meeting market expectations.

Focus on Execution: Economists are now monitoring policymakers' ability to support growth while maintaining fiscal prudence and financial stability.