Modi, Putin push to expand ties as India-Russia eye $100 bn trade by 2030
Reported by Business Standard, not nibnow. We are not the publisher of this story, only the source is.
The goal of reaching $100 billion in trade by 2030 could boost economic ties and create new market opportunities for both India and Russia, affecting businesses and consumers in each country.
Prime Minister Narendra Modi and Russian President Vladimir Putin have directed their governments to further expand bilateral cooperation, as India and Russia aim to increase bilateral trade to USD 100 billion by 2030, Ambassador Vinay Kumar has said. In an interview with Russian news agency TASS published on Saturday, Indian envoy Kumar said the two leaders discussed the full range of bilateral relations on the sidelines of the BRICS summit in New Delhi on September 12-13. "One of the concrete
India and Russia have a long-standing partnership that includes energy, defense, and technology cooperation, and both are members of the BRICS grouping, which seeks to strengthen economic collaboration among emerging economies.
- •Monitoring any formal trade agreements or memoranda of understanding announced after the BRICS summit
- •Tracking progress toward the $100 billion target in subsequent government statements or trade data
- •Watching for related sector‑specific initiatives, such as energy or defense deals, that could signal deeper economic integration