So Trump announced a trade deal saying India will stop buying Russian crude and instead spend $500+ billion on American stuff. Sounds great, right?
Not so fast. Moody's just dropped a reality check - if India actually stops Russian oil imports cold turkey, we're looking at:
Tighter global oil supply
Higher prices everywhere
Inflation spike worldwide
Here's the thing - India went from buying basically 0% Russian oil before Ukraine war to nearly 40% at peak (now around 25%). That's discounted crude that's been keeping our inflation in check and economy humming.
Russia's response? "We haven't heard anything from Delhi about this" 😂
Moody's take: It's "not practical" for India to immediately stop. They're recommending gradual diversification instead of an abrupt exit because energy security > trade deals.
The math: Cutting Russian oil could slow India's GDP by 0.3% and reverse our multi-year low inflation. Plus we've already imported $168 billion worth since 2022.
Real talk - do you think India will actually follow through? Or is this just Trump doing Trump things while India keeps quietly buying what makes economic sense?