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Reaching $100 bln worth of trade turnover between Russia, India realistic — Indian MFA

The Russian-Indian business forum is taking place three months after the annual summit of the two countries held in July in Moscow, Indian Foreign Minister Subrahmanyam Jaishankar noted

NEW DELHI, November 11. /TASS/. The goal of Moscow and New Delhi to reach trade turnover worth $100 bln by 2030 is more than realistic, Indian Foreign Minister Subrahmanyam Jaishankar told a business forum in Mumbai.

"Our bilateral trade is today at $66 bln. This makes the goal of reaching $100 bln by 2030 more than realistic," he said.

The Russian-Indian business forum is taking place three months after the annual summit of the two countries held in July in Moscow, the minister noted. "[The leaders of India and Russia] also have had another opportunity to interact last month in Kazan. Those occasions have provided a strategic direction, whose economic dimension we seek to realize through this gathering," he stressed.

"The world is moving towards ever greater multi-polarity and devising appropriate methods of cooperation is essential if we are to keep up. Moreover, Russia has consciously focused more deeply on Asia since 2022. This has created many more avenues of cooperation," Jaishankar said, adding that the two countries "have a long history of strong convergence and deep friendship," which allows them to make the best of both factors.

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India Trade & Cooperation

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