India's $200 Billion Safety Net: What a 100% Tariff on Russian Crude Means for Global Trade The threat of a 100% tariff on Russian crude customers by the US is sending shockwaves through global markets, and India's next move is being closely watched.
The $200 billion market in 15 alternative countries touted as India's potential safety net is more complex than it seems.
India's relationship with the US is built on strong trade ties, with exports to the American market increasing to $87. 3 billion in 2025 26 from $86. 5 billion in 2024 25.