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To counter oil-driven inflation and rupee depreciation amid conflict, India targets settling 80% of GCC oil trade in rupees via SRVAs. Success requires navigating U.S. tariff threats and the "Rupee Trap" by enhancing the currency's global investability and balancing geopolitics.
Click to View MoreBy co-sponsoring UNSC Resolution 2817, India prioritised energy security and its Gulf diaspora over traditional neutrality. This "Think West" shift strengthens GCC ties through realpolitik but risks alienating Iran, potentially jeopardising the Chabahar Port and Indian interests in Eurasia.
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