When Narendra Modi was sworn in for a second term as prime minister of India, it became time for the Indian government to address issues that had been postponed until after the general election. America’s cancellation of sanctions waivers on India’s import of Iranian oil was one such issue.
India’s non-alignment strategy of previous years has shifted to a more multi-alignment strategy, with the Modi administration driving a hard line for its strategic interests. New Delhi’s ties with Tehran have strengthened even while India pursues relationships with Iran’s adversaries in the region such as Israel, the United Arab Emirates and Saudi Arabia. Its recent decision to continue buying oil from Iran using the already established mechanism of rial-rupee trade reaffirms Modi’s multi-alignment strategy. Read More
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