India’s crude oil basket has evolved from dominant dependence on West Asia to a more diversified mix, influenced by geopolitics, sanctions, price dynamics, and refinery flexibility. The decline of Iranian supplies due to sanctions, the rise of U.S. and African crude, and especially the rapid increase in discounted Russian oil since 2022 have reshaped India’s sourcing pattern. Today, India imports nearly 85% of its crude requirement, with Russia emerging as a leading supplier alongside Middle Eastern producers, reflecting a strategy focused on cost efficiency, energy security, and diplomatic balancing.
Click to View MoreIndia is set to get four new regional airlines, but their success is not guaranteed because the Indian aviation market is highly competitive and dominated by IndiGo and the Air India group, which together hold over 90 percent of the domestic market. Regional airlines face high fuel and leasing costs, low profit margins, seasonal demand on smaller routes, and difficulty in accessing finance. Many earlier regional carriers have already shut down, showing how fragile this segment is. While government connectivity schemes and rising air travel offer opportunities, only those airlines with strong funding, careful route planning, and efficient operations are likely to remain viable.
Click to View More
© 2026 iasgyan. All right reserved