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The Role of India’s Private Sector in Economic Relations with Russia (1991-2024)
Nov 07, 2024

The Role of India’s Private Sector in Economic Relations with Russia (1991-2024)

India and Russia are showing an appetite for continued economic engagement. Bilateral trade increased exponentially from US$12.34 billion in 2022 to US$65 billion in 2023; the target is US$100 billion by 2030. To achieve such a level of economic cooperation, the private sector in both countries will need to increase their participation. This brief assesses the presence of India’s private sector in Russia and evaluates the potential for enhanced