Consider the following statements. 1. India is the world's largest crude oil importer, where nearly 80% of its needs are met through imports. 2. In the recent years, around one-fourth of India's crude oil imports come from Russia. Which of the above statements is/are correct?

Statement 1 is incorrect because India is not the world's largest crude oil importer; China holds that position. India is typically the third largest. However, the part about India meeting nearly 80% of its needs through imports is generally accurate. Statement 2 is correct. In recent years, particularly following geopolitical events since 2022, Russia has emerged as a significant supplier of crude oil to India, with its share increasing substantially to around or above one-fourth of India's total imports in various periods.