Archive · 27 Jan 2026
India, Russia Boost Trade and Ties
India and Russia are working together to increase their trade to $100 billion by the year 2030.
They are doing this by adding new items to trade and possibly making a free trade agreement.
The leaders of both countries, including Prime Minister Modi and President Putin, are supporting this goal.
They had a successful meeting to discuss this, and they are focusing on areas like fertilisers, agriculture, engineering, and defence.
This will help both countries grow their economies and work together more closely.
President Putin also sent greetings to India on its Republic Day, praising India's achievements and its position as a leading world power.
Both countries are committed to strengthening their partnership and cooperation on regional and international issues.
India and Russia aim to achieve $100 billion in bilateral trade by 2030.
Ambassador Vinay Kumar stated that the target is achievable with current efforts.
Steps include identifying new trade items and potentially a free trade agreement.
Trade has increased in sectors like fertilisers, agriculture, engineering, and defence.
Prime Minister Modi and President Putin supported the initiative at the India-Russia Business Forum and during a recent meeting at Hyderabad House in New Delhi.
- Who
- India and Russia
- What
- Aim to increase bilateral trade to USD 100 billion by 2030 and strengthen strategic partnership
- When
- Target year is 2030, with active steps being taken currently and recent meeting on December 5, 2025
- Where
- India and Russia
- Why
- To expand economic cooperation, trade opportunities, and strengthen bilateral ties in various sectors
India-Russia Relations
Western Relations
Strategic Partnership
India-Russia Relations
India and Russia emphasize their special and privileged strategic partnership, focusing on economic, defence, and trade cooperation.
Western Relations
Western nations view this partnership with caution, particularly due to Russia's geopolitical stance.
- Target Year
- 2030
- Target Amount
- USD 100 billion
- Key Figures
- Prime Minister Modi, President Putin, Ambassador Vinay Kumar, President Droupadi Murmu
- Event
- India-Russia Business Forum, 77th Republic Day
- Notable Sectors
- Fertilisers, agriculture, engineering, defence
- Potential Agreement
- Free trade agreement
- Recent Meeting
- December 5, 2025, Hyderabad House, New Delhi
Sources
India, Russia moving confidently to achieve USD 100 billion trade target by 2030: Ambassador
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