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.
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
The annual meeting of BRICS Agricultural Ministers has been taking place in India with several important initiatives being planned. Russia’s agricultural trade with BRICS countries rose 5% last year.
Our deep-dive analysis into the results of SPIEF 2026 – the signed agreements, investment deals, Russian corporate finance, multilateralism and agreed projects, including China, India, ASEAN, Middle East, African and LatAm investment plans.
Pakistan’s influence and strategic potential as a gateway to Southern Eurasia and South Asia for Russia is rapidly developing. Bilateral trade tripled last year, while major infrastructure developments are poised to take place in transport and energy. We provide a detailed overview of an often neglected area of Russia’s reach deep into Asia.
India is looking to import more coking coal and nickel from Russia to super-charge its steel production in order to boost the output of electric vehicles in the country. India plans to increase 2-3 wheeler EV use to 80% from the current 9% by 2030.
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India has proposed collaborating with Russia in the Quantum computing area to help it meet its National Quantum Mission goals. Russia already collaborates with China in this area, with all three players set to become global leaders.
The Bangladesh and Russian Foreign Ministers have been meeting in Moscow. We provide an extensive analysis of what was discussed, including full trade details and likely bilateral developments.
Russia’s Sberbank has plans to open ten branches throughout India to service Russian and Indian clients looking to conduct business in their respective countries. Bilateral trade hit nearly US$70 billion in 2025 and the financial architecture to facilitate and increase this is now being put into place. Most of this trade is in rupees and rubles and avoids SWIFT.
One of India’s largest pharmaceutical companies, Hetero Labs, is investing in a pharma manufacturing plant at the Technopolis Special Economic Zone near Moscow. The company manufacture drugs to deal with treatments of hepatitis, cancer, and tuberculosis.
Russia’s exports of sunflower oil, a key ingredient in Indian cuisine, has risen by 43% in 4M 2026 and means that Russia now provides 50% of India’s domestic needs. This is an excellent example of mutual BRICS trade.
Russia and India are negotiating a potential agreement for India to manufacture the Ilyushin 114-300 turboprop and the SJ-100 superjet under licence from Russia, in India, using both Russian and Indian parts. It could involve up to 200 aircraft.
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