Russia is among India’s top 5 trading partners for the first time. such a result Completed at the RIA Novosti agency, after analyzing data from the country’s Ministry of Trade and Industry.
According to the agency, in the ten months of the fiscal year that started in April 2022 and ended in March 2023, the trade turnover between the two countries reached a record $39.8 billion.
Moscow has become one of New Delhi’s main trading partners for the first time since India began keeping such statistics in the late 1990s. In the previous financial year (from April 2021 to March 2022), Russia was in 25th place. Before that, the best result was in the 1997-1998 fiscal year, when our country took 16th place.
Other partners of India include the USA with a trade turnover of 108.4 billion dollars, China with 95.9 billion dollars, the UAE with 70.2 billion dollars and Saudi Arabia with 44.3 billion dollars.
This week the Japanese newspaper Yomiuri WroteIncreasing trade with China, India and Turkey is helping the Russian economy survive despite massive Western sanctions.