India-Russia trade is undergoing a major structural reset, transitioning from a relationship dominated by energy and defense into a diversified economic partnership. President Vladimir Putin and Prime Minister Narendra Modi formalized a blueprint for long-term economic integration with targets to reach US$100 billion by 2030. Explore the Russia-India business corridor. Find analysis on bilateral trade, strategic joint ventures, and investment opportunities. Key intelligence for companies in this growing partnership.
The Russian gold merchant MGKL is to establish an office in GIFT City, Gujarat, where they will provide automated terminals for contactless appraisal, purchase and sale of physical gold and silver, the first time such a service has been provided in the country.
Russia has reached an agreement with India concerning the use of the Northern Sea Route for maritime cargo. The NSR is a shorter route for Indian energy supplies than the Suez Canal.
India is to spend US$7.85 billion on upgrading its Russian-sourced military equipment, including tanks and related vehicles. Some of this is already made in India under licence from Russia.
We examine the reality behind Russia’s energy shortages, the impact of Ukrainian attacks on its facilities, and how Russia’s logistics and production is changing to adapt to the short-term problems these have created. It is essential reading for anyone interested in the Russian domestic, import and export oil & gas sectors.
Moscow’s trade representative to India, Zlata Antusheva, has said that India and Russia must de-dollarize to boost bilateral trade as the countries roll out mechanisms to achieve the targeted US$100 billion in mutual trade by 2030.
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The Indian Ambassador to Russia has said that discussions concerning a Russia-India Bilateral Investment Treaty and the Eurasian Economic Union-India Free Trade Agreement are both progressing. Both sides have committed to adding another $40 billion to their trade by 2030 suggesting progress may be within reach.
Freight trade between Russia, Azerbaijan and Iran along the Western route of the INSTC rose by 50% in June as a result of Iran shifting its supply chains north. This is having a significant impact on new Caspian-Eurasian trade flows.
We examine the Russian Far East and its increasing infrastructure and trade integration with the rest of Asia, including specific attention to China, India, ASEAN and the Middle East.
The new Lucknow facility at the India-Russia Brahmos missile joint venture has increased total production capacity by 20%, with orders expected from other Asian nations.
Russia’s Roscosmos with working with the Indian Space Research Organization on multiple space projects, including the BRICS Space Council as well as assistance with India’s planned Bharatiya Antariksh Space Station, planned for deployment in 2028.
Russia’s Kalashnikov have agreed a deal to supply the Indian armed forces with anti-drone equipment and specialist drone small arms equipment, mainly for use in cold high-altitude regions in the Indian Himalayas.
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