The announcement from Russian oil giant Rosneft that it will ramp up oil imports to India, and the US court ruling enabling partners of H-1B visa holders to work in the country, should both serve to reduce India's external vulnerabilities. They also demonstrate that, in a fracturing global economy, India will straddle the fence when there is an economic benefit to doing so.
EM Drop-In (6th Apr.): Our latest EM online briefing is all about the risks around the recent bank turmoil, including potential economic spill-overs and the state of EM bank balance sheets. Register now.
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