Jaishankar’s Masterplan Amid Trump’s Tariff War: India-Russia Partnership Signals Birth of New Global Alliance

International news: S. Jaishankar urged Russian companies to engage more intensively with Indian partners. He said that rapid modernization and changing consumption habits in India have brought new opportunities for foreign businesses. S Jaishankar also made it clear that initiatives like Make in India have opened the doors of India to foreign companies. He also said that the country's growing infrastructure and changing lifestyle provide great opportunities to Russian enterprises in the Indian market.

Focus Shifts To Make India

S. Jaishankar said that Make in India and other such initiatives have opened new doors for foreign businesses. India's modernization and urbanization create their own demands due to changes in consumption and lifestyle. Each of these dimensions invites Russian companies to engage more deeply with their Indian counterparts. Our effort is to encourage them to face this challenge.

The invitation came amid US tariffs

This message from the foreign minister comes at a time when US President Donald Trump is preparing to impose a 50% tariff on India. Earlier he had announced a 25% duty, which was later doubled, citing Russia-India oil trade. Half the duties have already been implemented, while the rest will be effective from August 27.  

India and Russia relations

In Moscow, Jaishankar said that our trade area is limited, and till recently, our trade volume was also limited. It may have increased in recent years, but the trade deficit has also increased. More strenuous efforts are now required from our side for both diversity and balance in trade. Ultimately, these efforts are necessary not only to reach higher trade targets but also to maintain the existing levels.

Emphasis on investment and cooperation

Jaishankar, emphasizing the possibilities for more investments, joint ventures, and other cooperation, said he and Russian First Deputy Prime Minister Denis Manturov want to send a clear message that a lasting strategic partnership must have a strong and sustainable economic component.  

Russia's stance on oil supplies

Russia has denied the possibility of oil supplies being affected despite US tariffs on India. Deputy Trade Commissioner Evgeny Griva said that despite the political situation, we can estimate that the level of crude oil imports will remain almost the same. Currently, Russia's contribution to India's energy supply is about 40%, and India is the second-largest buyer of Russian energy after China.