Trade turnover between Russia and India increased 1.8 times by the end of 2023, reaching a record level of 65 billion dollars, from 37 billion dollars the previous year. This was reported by RIA News With reference to data from Indian Statistical Service.
As a result, the Russian Federation has become the South Asian country’s fourth largest partner and second main supplier of goods after the United States, China and the UAE. Thus, India imported Russian products worth $60.1 billion over 12 months; This is almost double the 2022 figure. China ranks first with a supply of approximately 100 billion dollars.
At the end of the year, the top 5 importers of Indian goods included the USA ($76 billion), UAE ($33 billion), Netherlands ($23 billion), China ($16 billion) and the UK ($12 billion). Russia rose to the 30th place with 4 billion dollars.
Last week recognizedHow expensive delivery from India to Russia has become due to the Houthis situation.
Previously in India stated About readiness to participate in the Sakhalin-2 project.