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 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.
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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.
Is multiculturalism dead – or just moving away from the West to the Global South? The joint Russia-India film ‘Persimmon of my Love’ has been playing to rave reviews on a national release in Russia, while co-BRICS film productions are also underway between Russia and Brazil, China, Egypt, Iran and Indonesia amongst others.
Russia is bringing in new cryptocurrency laws from July 1 which have the potential to revolutionise Eurasian and global trade finance and especially with China, India, ASEAN and the Middle East. We examine the laws in detail and analyse what they mean in the next generation of international financial flows.
The BRICS countries are continuing their plans to establish a grain exchange, to divert agricultural trade away from Western platforms. The BRICS both produce and consume about 44% of the world’s total markets for corn, wheat and rice, with members Brazil, China, India, Indonesia and Russia amongst the world’s largest producers and consumers.
India’s oil imports from Russia increased by an additional 750,000 barrels of Russian crude during June, an amount equivalent to a weeks consumption by a market the size of Singapore.
India is testing Russian rare earths sourced from Siberia to assess quality and properties, and may become a strategic buyer as New Delhi looks to urgently boost its national EV production
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