To buy crude oil from Russia, India has to bear the burden of heavy tariffs, which the US has imposed as a penalty. Meanwhile, a report claimed that India is getting an annual benefit of only two and a half billion dollars by purchasing crude oil from Russia at a cheaper price. It was also claimed in the report that the matter of big profits in the media is not, but things are being exaggerated in the media.

The brokerage company CLSA released a report on Thursday (August 28, 2025) saying that it was estimated earlier that India would have an annual profit of $ 10 to 25 billion on buying oil from Russia, reality is very different from it, only two and a half billion dollars will be profitable. According to the report, ‘India has been exaggerated in the media. According to our estimate, this benefit is only 0.06 percent of India’s GDP (GDP) $ 2.5 billion.

The CLSA said that there is a huge concession in showing a price limit of $ 60 per barrel on Russian oil, but in fact, due to many restrictions like insurance, shipping and rebel, India is very low.

The report states that the average discount on Russian oil in FY 2023-24 was $ 8.5 per barrel which has come down to three-five dollars in 2024-25 and $ 1.5 per barrel in recent months. The CLSA has warned that if India stops importing Russian oil, it will disrupt the global supply and the price of crude oil can reach $ 90 to $ 100 per barrel, which is expected to increase global inflation.

The report also said that Indian oil companies also have to mix better quality and expensive crude oil due to high imports of dandruff. Due to this, there is no clear benefit in the average import price. The report says that Russian oil imports are not only necessary for India from a strategic point of view, but it is also helpful in maintaining control of crude oil prices in the global market.

After the commencement of Russia-Ukraine War in February 2022, there has been a boom in the matter of oil imports from Russia to India. In FY 2024-25, India imported 36 percent of the total 54 lakh barrels of oil imports i.e. 18 lakh barrels per day from Russia. This figure was less than one percent before the Ukraine War.

Russia started giving huge discounts on oil after a ban on oil sale from Western countries, which ensured energy supply to India at a cheap rate. However, some countries including the US criticized India and described it as profiteering. The US government has increased the duty on import of Indian products from August 27 to 50 percent to continue the purchase of cheap oil from Russia.

us President Donald Trump 50 of Percent Tariff of Indians Worry Has increased Everything from exporter to producer is worried. Meanwhile a relief news has come that Trump This tariff against India Policy Economy Will not be able to affect. This estimate EY India has expressed in its report.

EY India has said that despite the burden of tariff and global uncertainty, India will become the second largest economy in the world by 2038. Gross domestic product (Ppp) 34.2 Trillion Will reach the dollar. The report said that India became the fifth largest economy in the world in five years, facing all the challenges and it is moving fast with a strong economic foundation.

The report told that in 13 years, India to become the second largest economy Factor They will help them average age of 28.8 years in 2025, high Saving Rate And government loan GDP 75.8 decreased by 2030 with ratio Percent It is estimated to be 81.3 in 2024 Percent Was. Government loan will decrease, while Economy of Top List Loans on other countries involved are continuously increasing.

EY Chief of Policy Advisor Said, ‘India’s forces, youth population and skilled Workforce, SavingInvestment rates will also help in high development in unstable global environment. ‘ Currently India 4.19 Trillion Dollar Nominal GDP With the fourth largest economy in the world.

EY India’s report Unseen Is that in the next five years, ie Indian only by 2030 Economy 20.7 Trillion Dollar (PPP) can reach and China 42.2 Trillion Dollar GDP Will be at the forefront. According to the report America, China, Germany And India’s situation is much better than Japan. However, in the report of China Economy A good prediction has also been made about, but its old population and increasing debt can become a challenge for him.

India is currently the fourth largest economy in the world and many Think The tank has predicted that it is till 2028 Germany Will leave behind and come at number three. At the same time, global challenges like American tariff GDP But you will have very little effect.

Union Minister Shivraj Singh Chauhan has given a big statement amid the announcement of US President Donald Trump to impose heavy tariffs on India. He said that neither India is afraid of challenges, nor is afraid of someone’s grandfather nor comes under pressure, but talks with eyes in the eyes. Shivraj attended the ‘Employees Resolution Conference’ in Pusa in Delhi on Thursday (August 21, 2025), where he said this.

Union Agriculture and Farmers Welfare and Rural Development Minister Shivraj Singh Chauhan stressed the need for self -sufficiency and made it clear that the national interest and farmers’ interests are paramount for the Modi government, so that no compromise will be made. He said that the Agriculture Department had put its point in this regard before the Prime Minister, so that the interests of the farmers should be safe.

Referring to Prime Minister Modi’s ‘Swadeshi Apna Chao Call’, Shivraj Singh Chauhan said that the people of the country get employment and the economy is strengthened by Swadeshi. Shivraj also said without naming anyone, ‘Why should we be afraid of someone’s grandfather, we do not have to come under pressure from anyone. If we start using 144 crore Indians Swadeshi, then there is no bigger market than India in the world.

He said, ‘We are completely standing with the Prime Minister. Self -sufficiency is very important. India is not afraid of challenges. This is today’s India who talks with eyes in the eyes, no one compromises with the national interest. We talk about Vasudhaiva Kutumbakam. He insisted, ‘Our work is of nation building, work with the spirit that it is also my brick to create a self -sufficient India. We will all meet the goals given to us by the Prime Minister. US President Donald Trump has doubled the fees on Indian goods to 50 percent, including 25 percent additional fees on purchasing crude oil from Russia.