India to reach 100 billion dollar of bilateral trade with Russia by 2030: Ambassador Vinay Kumar
India is pursuing negotiations for a Free Trade Agreement with the Eurasian Economic Union to increase exports. Indian Ambassador to Russia Vinay Kumar stated that bilateral trade is projected to reach USD 100 billion by 2030. The current trade turnover is reported at USD 38 billion for the first half of this year. Efforts are underway to diversify India's export basket and improve market access…
Indian Ambassador to Russia Vinay Kumar has expressed optimism that India and Russia will achieve a bilateral trade target of USD 100 billion by 2030. Kumar highlighted ongoing negotiations for a Free Trade Agreement with the Eurasian Economic Union and efforts to diversify India's export basket and improve market access in Russia, particularly for agricultural and marine products.
Despite criticism from Western countries and US sanctions over India's energy imports from Russia, Kumar emphasized the country's focus on ensuring energy security for its 1.4 billion people through diversified and competitive sources.
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