India could diversify exports if the US imposes steep tariffs linked to Russian crude purchases, economist SP Sharma said. He estimates a $200-billion opportunity across 15 alternative markets for products India currently exports to the US, including Europe and West Asia.

As long as it proves to be economically feasible, India should persist in acquiring Russian crude oil. A new Senate bill from the US threatens to impose significant tariffs on…

US tariff threats on Russian oil could escalate India's inflation and current account deficit, warns CareEdge’s Sachin Gupta.