Russian Oil Is Still an Option for India: Sitharaman

The video discusses India's economic growth forecast, highlighting it as the fastest-growing major economy. It identifies external risks such as oil prices and geopolitical tensions, particularly the Russia-Ukraine conflict, as major concerns. The discussion also covers strategies for managing oil imports, emphasizing the importance of securing affordable oil, especially from Russia, amidst global price fluctuations and OPEC production cuts.

What is the primary reason for India's strong economic forecast this year?

• Fastest-growing major economy

• Internal economic reforms

• Technological advancements

• Increased foreign investments

Which external factor is NOT mentioned as a risk to India's economic forecast?

• Internal political instability

• Fuel prices

• OPEC production cuts

• Russia-Ukraine conflict

What recent event has caused concern regarding oil prices?

• Decrease in global oil demand

• OPEC increasing production

• OPEC cutting production

• Discovery of new oil reserves

Why is Russian oil considered a viable option for India?

• It is environmentally friendly

• It is the only available source

• It is cheaper than other options

• It is of higher quality

What might India have to do if oil prices breach the cap?

• Switch to renewable energy

• Stop importing oil

• Increase domestic production

• Continue importing Russian oil