India and Russia: Paving the Path to $100 Billion Trade

India is on track to reach a $100 billion annual bilateral trade agreement with Russia well ahead of the 2030 timeline, according to External Affairs Minister S Jaishankar. Despite challenges in payments and logistics, progress is being made. The partnership holds significant global implications and mutual benefits.

India is striving to meet its ambitious goal of reaching $100 billion in annual bilateral trade with Russia ahead of the 2030 deadline, as revealed by External Affairs Minister S Jaishankar. He highlighted the importance of this partnership in the context of a multipolar world.

Speaking at the 25th India-Russia Intergovernmental Commission meeting, Jaishankar acknowledged the progress achieved despite challenges in payments and logistics. Both countries are committed to overcoming these hurdles, aiming for a balanced trade relationship.

First Deputy Prime Minister Denis Manturov led the Russian delegation, confirming a strong commitment to signing a free trade agreement between the EEU and India, which is crucial for enhancing business ties. This collaboration underscores a significant leap in diplomatic and economic relations.

(With inputs from agencies.)