Russian President Vladimir Putin praised Prime Minister Narendra Modi's 'Make in India' initiative, stating that it has had an impressive effect on the Indian Economy. Putin suggested that Russia should emulate the successful aspects of the program. This comes after India's External Affairs Minister S Jaishankar emphasized the importance of India-Russia ties and the growing economic relationship between the two countries, particularly in the energy sector. Indian refiners are now acquiring discounted crude from Russia as the West has reduced its oil purchases from Moscow due to the Ukraine conflict.

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