Russia and India want $100bn in trade by 2030
Russia and India just set a big goal: they're aiming to boost their trade to $100 billion by 2030.
Announced at the India-Russia Business Forum on December 4, both countries are looking to make trading easier by cutting red tape, streamlining payments, and breaking down barriers.
Right now, most of the trade benefits Russia—India exported $4.88 billion in FY25, but the total trade was $68.7 billion, leaving a big gap.
Why should you care?
This move isn't just about numbers—it could mean faster shipments and more opportunities for Indian businesses in fields like telecom and IT equipment, pharma, and cars.
For Russia, it strengthens supply chains at a tricky time globally.
If all goes well, it could also mean new jobs and stronger ties between the two countries.