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LudwigF's avatar

Thank you for sharing this insightful analysis.

A comment: Russia must by now have accumulated enormous reserves of Indian rupees, which are not, as I understand it, freely convertible.

I would expect at some point an announcement of large scale Russian investment in the Indian economy in order to make good use of these reserves, as otherwise it seems difficult to see what Russia can do with them.

Ani's avatar

Thanks for a great writeup, as usual. Happy to see India unbowed in the face of US pressure - Russia is and has always been a reliable partner, and should be kept at the fore.

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