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The think-tank Global Trade Research Initiative (GTRI) estimates a USD 2 billion impact on India’s export including products like smartphones, apparel, footwear and leather goods, , germany, recession, impact, indian export
India’s imports from Russia have increased five times from the previous year to US$41.56 billion due to oil imports. Read more at straitstimes.com.
The Qatari authorities had informed India that the ban was temporary and owing to lack of sufficient testing laboratories in their country in the run-up to the football event, it said.
India's love for discounted Russia oil is widening its trade deficit with Moscow and the casualty is their much-touted rupee trade plan.
Read more about Netherlands emerging as key export destination for India amid jump in shipments of petro products on Devdiscourse