India may have to raise oil, gas imports from US

THE Donald Trump administration's 27% tariff on India is unlikely to impact oil and gas imports, as these commodities are exempt from the tariffs.

- RAKESH KUMAR @ New Delhi

However, India may have to raise its oil and gas imports from the US to balance trade.

As per industry analysts, India, in a bid to reduce its trade deficit with the US, will have to increase its purchases of oil and gas from the country.

A higher volume of oil and gas imports from the US could result in a reduction in imports from Russia, which has been India's largest supplier for over two years.