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Pulakit Bararia
Building Snippetz la... • 23d
India currently imports 40% of its crude oil from Russia — around 2 million barrels a day — and it comes at a discounted price, $2–$5 cheaper than global rates. But what if that stops? The economic cost alone would be massive. India would end up spending $14 billion more every year — that’s enough to fund our space program (ISRO) for the next eight years. And this isn't just a government issue — this directly affects 1.4 billion people. Fuel prices would spike, inflation would rise, and the burden would fall on everyday citizens. Globally, India’s continued purchases have helped keep oil prices stable. If we pull out, experts estimate global oil could skyrocket to $200 per barrel. That would send shockwaves through global markets. Russia, on the other hand, would lose a third of its seaborne oil market. While it might redirect supply to China or Turkey, it would likely have to sell at even lower prices, reducing its war funds and weakening its geopolitical leverage.
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