India and Russia set sights on $100bn trade goal by 2030
India and Russia are teaming up to hit $100 billion in trade by 2030—a big jump from $68.7 billion this year and well above the 2014 benchmark of $25 billion.
Energy deals have led the way, but both countries are now opening doors for more goods and services.
What's new?
They've just signed a multi-sector agreement to make it easier to trade things like electronics, chemicals, pharma, textiles, and even seafood.
Fast-tracking approvals for Indian products and smoother rules for businesses are part of the plan.
Why does it matter?
Beyond boosting business, these moves are anticipated to lead to more job opportunities and tech exchanges.
Plus, with talks on investment treaties and payment solutions underway—and President Putin visiting India soon—this partnership is widely seen as getting stronger.