India is not distancing itself from West, but geopolitics are different for India. West has not been a reliable trading partner in last 8 decades, last decade West has been reliable but that’s mostly because now they want to counter China. USSR/Russia has been more reliable.

But if you take a subset of defense trading partner, West has been very unreliable period. If you look at all the corruption scandals in Indian Defense history you’d realise almost all are with the west, France, Sweden, Italy.

Now going back to broader business and economic development, your argument is probably valid, but from the point of view of India, it is in position of most relative strength in geopolitics than it has ever been, if India can play both sides, it will and it must.

If any dealings with Russia were followed by sanction from the west, I think that’s when you’d see who does India favor more. But west won’t do it, because West needs India to be strong to counter China and if the cost is delayed fall of Putin, I think west is willing to take that risk, since Russia is no longer the threat it was to the west 3 decades ago.

So, from Indian’s point of view if it can both have a cake and eat it too, why would it not?