WBCS.LIVE practice question
India imports largest amount of Crude Oil from which country?
Solve this multiple-choice question and check the correct answer with its explanation below.
Answer options
Correct answer and explanation
Correct answer: Russia
Explanation: ā Correct Answer: A) Russia š Explanation: Following changes in global energy trade dynamics during the 2022ā2024 period, Russia emerged as the largest supplier of crude oil to India, offering discounted crudes. This significantly altered India's traditional import reliance on Middle Eastern nations. India imports roughly 80-85% of its total crude oil requirements to meet domestic transport and energy demands. This strategic trade pivot helped the country manage its import costs and maintain inflation stability.