US-Venezuela Conflict: Minimal Impact on India Trade

Despite recent military operations in Venezuela by the US, India's trade relations with the South American nation remain largely unaffected due to existing sanctions and a historical decline in trade volumes. India's imports from Venezuela have plummeted significantly, ensuring minimal economic and energy impact.

A recent US military operation in Venezuela, involving the capture of President Nicolas Maduro, is expected to have little impact on India's trade with the country, according to GTRI.

Ajay Srivastava, founder of the Global Trade Research Initiative, highlighted that India's trade with Venezuela had declined drastically due to US sanctions, with crude imports dropping by 81.3% in FY2025.

Given the existing sanctions, low trade volumes, and geographic distance, the US-Venezuela conflict is unlikely to have significant repercussions on India's economy or energy security.

(With inputs from agencies.)