Author(s) :

Pragya Chandel.

Volume/Issue :

Abstract :

The Russian oil business from India has been a key player in the Indian market from decades. The strong presence of the Russian oil industry has influence the economic ties between India and Russia. The economic growth of India and increasing demand for oil, India become a crucial market for Russian oil export. India being one of the largest importer of oil in the world, has been a valuable market for Russian Oil Companies. The abstract on the Russian oil business from India focuses on the economic benefits, political ties, overview of the Russian oil business in India, and current trends. 0 it also focuses on the challenges faced by both countries in this oil business like fluctuating oil prices and competition from other countries. Over all it provider overview of the Russian oil business from India, relationship between these two countries industry and impact of this business on the both countries. This article also explores the strategic and economic aspects of Russia's oil trade with India. The study examines the patterns of oil imports, pricing, and terms of payment between the two nations using data from two-way trade from 2015 to 2024. The study also investigates how this partnership affects India's energy security and Russia's shift to non-Western markets in the face of continued international sanctions. The results indicate that the India-Russia oil alliance is reshaping regional energy dependencies and may also influence future trade deals in the Global South.

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