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"India is dealing with a major external shock -- the United States has imposed 50 per cent tariffs on most Indian goods -- but a far deeper strategic risk lies in its digital dependence on US technology firms," the India-based Global Trade Research Initiative (GTRI) said in a report.GTRI underscored that government and defence applications in India are powered by US systems in addition to mobile phones, computers, and laptops.Besides, India's banking sector, both private and public, deploys Amer ...Read More >
India's Petroleum and Natural Gas Minister (MoPNG) Hardeep Singh Puri said on Thursday that the country should be lauded by the global community for purchasing Russian oil, warning that crude prices would likely "skyrocket" if Russian supplies were removed from the global market.Puri was responding to a question about the US and North Atlantic Treaty Organisation's (NATO) threats of "secondary sanctions" against China, India and Brazil if these countries continued to buy Russian energy at the ex ...Read More >
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