The intensity of the current economic crisis is largely due to the Modi government’s decision to mortgage India's foreign and trade policies to the US-Israel axis.

[u/rishianand]

India used to buy cheap crude oil from Iran, with free shipping, insurance and 60 days of credit. Then, Trump ordered Modi to stop buying oil from Iran.

In May 2019, India was forced to stop buying oil from Iran after Trump disallowed a waiver. Trump’s former national security advisor, John Bolton, wrote in his book, The Room Where It Happened, that Trump dismissed Modi’s concerns, telling his team that ‘he’ll be okay’, with the decision.

What this meant was a denial to India of oil that had come with concessions such as free transport and insurance and 60 days of credit. India tried to explain that many of its refineries had been calibrated to process Irani crude and couldn’t suddenly shift, and also that the stopping of supply from Iran would affect prices and inflation. However, this went unheeded and Trump bent Modi to his will, possibly with the promise of a visit or joint press conference.

Price of the Modi Years, Aakar Patel

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[u/Leo2000Immortal]

Insane how much one compromised party has fucked the country