Prime Minister Narendra Modi spoke with Venezuela’s Acting President Delcy Rodríguez on Friday, signaling a potential new chapter in Indo-South American relations. The conversation, described by the Prime Minister as a shared vision for strengthened ties, comes as Venezuela undergoes a significant political and economic transition following a period of prolonged instability.
Nation at a Crossroads
Venezuela has faced a decade marked by hyperinflation, social unrest, and a severe humanitarian crisis. Despite possessing the world’s largest proven oil reserves, the country’s economy contracted by nearly 80 percent over the last ten years, leading to widespread displacement. Following disputed 2024 presidential elections, protests and international isolation increased as the previous administration consolidated power.
The situation escalated dramatically in early January 2026 with the removal of Nicolás Maduro from power following a US military operation. This created a power vacuum, which the Supreme Tribunal of Justice subsequently addressed.
The Rise of Delcy Rodríguez
According to the Venezuelan Constitution, the Vice President assumes presidential duties in the event of a vacancy. Delcy Rodríguez, who had served as Vice President since 2018, was sworn in as Acting President on January 5, 2026. A career diplomat and lawyer, Rodríguez previously held the positions of Foreign Minister and Minister of Economy and is a long-standing figure within the “Chavista” movement.
Regional analysts view her appointment as a step toward stabilization. Rodríguez has initiated a “reform and opening up” strategy, including overhauling energy laws to allow for privatization and foreign investment – a shift away from decades of state control.
Strengthening the India-Venezuela Partnership
The stabilization of Venezuela is strategically important for India, as Venezuela was previously a key source of heavy crude oil for Indian refineries before sanctions were imposed. During their call, PM Modi and Acting President Rodríguez agreed to expand cooperation in trade, pharmaceuticals, and digital technology. India had previously voiced “deep concern” over violence in Caracas, advocating for a peaceful resolution and the well-being of the Venezuelan people.
By engaging with the Rodríguez administration, New Delhi aims to revitalize energy ties while supporting a peaceful democratic transition. As Venezuela begins releasing political prisoners and seeks reintegration into the global economy, the India-Venezuela partnership could shift from crisis management to a shared agenda of “lasting community coexistence” and shared development.
Frequently Asked Questions
When was Delcy Rodríguez sworn in as Acting President of Venezuela?
Delcy Rodríguez was formally sworn in as Venezuela’s interim president on January 5, 2026.
What prompted the change in leadership in Venezuela?
The longstanding leader Nicolás Maduro was removed from power following a US military operation in early January 2026, creating a power vacuum.
What areas of cooperation did India and Venezuela discuss?
PM Modi and Acting President Rodríguez agreed to expand cooperation in trade, pharmaceuticals, and digital technology.
What impact might this new partnership have on the global energy market?
