India to achieve $100-billion trade with Russia well before 2030 target: Jaishankar
Trending News
1 month, 1 week ago

India to achieve $100-billion trade with Russia well before 2030 target: Jaishankar

Hindustan Times  

India is confident of achieving commerce worth $100 billion with Russia before the target date of 2030 though the two sides need to address constraints to ensure trade is more balanced, external affairs minister S Jaishankar said on Tuesday. The two sides have seen “perceptible progress” in tackling challenges to trade, especially issues related to payments and logistics, but there is “still some work to be done”, Jaishankar said while co-chairing a meeting of the main body that oversees bilateral trade and technical cooperation with Russia’s first deputy prime minister Denis Manturov. India is confident about achieving this trade target well before 2030, Jaishankar said in his opening remarks at the meeting of the Intergovernmental Commission on Trade, Economic, Scientific, Technical and Cultural Cooperation as the two economies are complementary and benefit from “trust and confidence built over many years”. The external affairs ministry said in a statement that Jaishankar and Manturov directed 14 working groups and six sub-groups under the IGC-TEC to speedily finalise the programme for economic cooperation till 2030 and to take steps to enhance market access to achieve the trade target of $100 billion.

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History of this topic

Is India profiting from Russia-Ukraine War?
1 week, 1 day ago

Is India profiting from Russia-Ukraine War?

India Today  

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1 week, 1 day ago

Russia likely to allow free visa entry to Indians: Here's how it will strengthen ties with New Delhi

India TV News  

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India’s crude oil imports from Russia drop 55% in November, lowest since June 2022
1 week, 1 day ago

India’s crude oil imports from Russia drop 55% in November, lowest since June 2022

Live Mint  

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Rosneft, Reliance agree biggest ever India-Russia oil supply deal: Reports
1 week, 4 days ago

Rosneft, Reliance agree biggest ever India-Russia oil supply deal: Reports

Deccan Chronicle  

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2 weeks ago

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India Today  

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Investing in India profitable: Putin says Russia will now 'Make in India', praises PM Modi's policies
2 weeks, 3 days ago

Investing in India profitable: Putin says Russia will now 'Make in India', praises PM Modi's policies

Firstpost  

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India should have balanced approach to trade with China, says Jaishankar
2 weeks, 4 days ago

India should have balanced approach to trade with China, says Jaishankar

Hindustan Times  

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Exclusive-Rising costs squeeze intermediaries out of thriving Russian oil trade with India
2 weeks, 4 days ago

Exclusive-Rising costs squeeze intermediaries out of thriving Russian oil trade with India

Live Mint  

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Russia’s crude oil and LNG shipments to Asia slip slightly in 2024: Russell
2 weeks, 6 days ago

Russia’s crude oil and LNG shipments to Asia slip slightly in 2024: Russell

Live Mint  

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Commerce Ministry Reviews India-US Trade Ties Amid Trump’s Controversial Remark
2 weeks, 6 days ago

Commerce Ministry Reviews India-US Trade Ties Amid Trump’s Controversial Remark

ABP News  

The commerce ministry is reviewing aspects of India-US trade relations, focusing on the implications of statements made by US President-elect Donald Trump during his election campaign and after the results, an official said, according to a PTI report. Trade experts have argued that Trump’s characterisation of India as an "abuser" of tariffs is unfair, as many countries, including the US, …

Trade on track: Russia looks up to India for train manufacturing to meet domestic demand
3 weeks, 5 days ago

Trade on track: Russia looks up to India for train manufacturing to meet domestic demand

Firstpost  

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Russia wants to become the second-largest oil producer in the world
1 month, 1 week ago

Russia wants to become the second-largest oil producer in the world

China Daily  

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India confident of achieving USD 100 billion trade with Russia by 2030: Jaishankar
1 month, 1 week ago

India confident of achieving USD 100 billion trade with Russia by 2030: Jaishankar

Firstpost  

In his televised opening remarks at the 25th session of the IRIGC-TEC, Jaishankar said the trade between the two countries needs to be ”more balanced and that would require addressing current constraints and undertaking greater facilitative efforts.” India is confident of achieving USD 100 billion in annual bilateral trade with Russia well ahead of the timeline of 2030 and a …

India aims to hit $100 billion trade target with Russia before 2030: S Jaishankar
Trending News
1 month, 1 week ago

India aims to hit $100 billion trade target with Russia before 2030: S Jaishankar

India Today  

India is confident of achieving USD 100 billion in annual bilateral trade with Russia well ahead of the timeline of 2030 and a more substantive relationship between the two nations has a larger global resonance, External Affairs Minister S Jaishankar said on Tuesday. In his televised opening remarks at the 25th session of the, Jaishankar said the trade between the …

India stresses need to address trade imbalance with Russia
Trending News
1 month, 1 week ago

India stresses need to address trade imbalance with Russia

Hindustan Times  

New Delhi The imbalance in India-Russia trade needs to be addressed urgently, including steps to remove non-tariff barriers and regulatory impediments and facilitate the settlement of trade in national currencies, external affairs minister S Jaishankar said on Monday. Jaishankar’s remarks, made while addressing the India-Russia Business Forum in Mumbai alongside Russia’s first deputy prime minister Denis Manturov, came against the …

Russia's deputy PM in India, 10 things about Moscow-Delhi ties
1 month, 1 week ago

Russia's deputy PM in India, 10 things about Moscow-Delhi ties

Firstpost  

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$100 billion bilateral trade with Russia by 2030 is realistic: Jaishankar
1 month, 1 week ago

$100 billion bilateral trade with Russia by 2030 is realistic: Jaishankar

Deccan Chronicle  

Speaking at the India-Russia Business Forum in Mumbai, Minister of External Affairs Dr S Jaishankar said by 2030 India-Russia bilateral trade will cross USD 100 billion.He said, "Our bilateral trade is today at USD 66 billion. "The minister outlined ten critical areas of development that signal a promising trajectory for strengthening bilateral trade and investment relations between the two countries.Highlighting …

India-Russia trade reaching $100 bn by 2030 more than realistic, says Jaishankar
Top News
1 month, 1 week ago

India-Russia trade reaching $100 bn by 2030 more than realistic, says Jaishankar

Firstpost  

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1 month, 1 week ago

Non-tariff barriers, regulatory impediments must be addressed: EAM on India-Russia trade

Hindustan Times  

The imbalance in India-Russia trade needs to be addressed urgently, including steps to remove non-tariff barriers and regulatory impediments and facilitate the settlement of trade in national currencies, external affairs minister S Jaishankar said on Monday. Jaishankar’s remarks, made while addressing the India-Russia Business Forum in Mumbai alongside Russia’s first deputy prime minister Denis Manturov, came against the backdrop of …

‘World moving towards ever greater multi-polarity,’ EAM Jaishankar says ‘Russia focused deeply on Asia’
1 month, 1 week ago

‘World moving towards ever greater multi-polarity,’ EAM Jaishankar says ‘Russia focused deeply on Asia’

Live Mint  

Stressing the “deep friendship” between India and Russia, External Affairs Minister S Jaishankar on Monday said that Russia has consciously “focused more deeply on Asia since 2022”, which has created “many more avenues of cooperation.” EAM was speaking at the India-Russia Business Forum in Mumbai. That we have a long history of strong convergence and deep friendship allows us to …

Jaishankar, Manturov to steer India-Russia talks; focus on export imbalance, trade target of $100 billion by 2030
1 month, 1 week ago

Jaishankar, Manturov to steer India-Russia talks; focus on export imbalance, trade target of $100 billion by 2030

Live Mint  

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Russian oil finds its way to Europe via India; India now biggest exporter of fuel to EU
1 month, 1 week ago

Russian oil finds its way to Europe via India; India now biggest exporter of fuel to EU

The Hindu  

India's export of fuels like diesel to the European Union jumped 58% in the first three quarters of 2024, with a bulk of them likely coming from refining discounted Russian oil, according to a monthly tracker report. "In the 13 months since the oil price cap took effect, over one-third of India's exports of oil products to sanctioning countries was …

India deserves to be in list of global superpowers: Putin
1 month, 2 weeks ago

India deserves to be in list of global superpowers: Putin

Deccan Chronicle  

Moscow: India deserves to be included in the list of global superpowers as its economy is currently growing faster than in any other country, Russian President Vladimir Putin has said. Addressing the plenary session of the Valdai Discussion Club in Sochi on Thursday, Putin also said Russia is developing relations with India in all directions and there is a great …

Trump's potential return sparks concerns over Indo-US trade ties, tariffs
Trending News
1 month, 2 weeks ago

Trump's potential return sparks concerns over Indo-US trade ties, tariffs

New Indian Express  

Donald Trump’s return as the 47th president of the US will likely put Indo-US trade ties under sharp focus. Trump has promised a fresh wave of tariffs under his ‘America first’ stance, which may adversely affect countries like India and its key sectors such IT, pharmaceuticals, textiles, chemicals and automotive parts. He even proposed import duty increases of 10-20 percent …

America First, round two: What Trump's trade agenda means for India and the world
1 month, 2 weeks ago

America First, round two: What Trump's trade agenda means for India and the world

India Today  

With Donald Trump’s return to the White House, global trade dynamics face a seismic shift. India’s strategic balance As Trump brings his protectionist trade policies back, India faces pressure to lower trade barriers or risk tariffs on key exports. Why India matters to the US India holds unique significance for the US — first, as a strategic partner in countering …

India-China Border Deal: A Long-Overdue Resolution
2 months ago

India-China Border Deal: A Long-Overdue Resolution

News 18  

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India, Russia aim for speedy conclusion of bilateral investment treaty
3 months ago

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Hindustan Times  

New Delhi Seven years after the expiry of the investment treaty between India and Russia, the two countries have launched negotiations to expeditiously conclude a fresh pact to ramp up investments and business cooperation, officials from both sides said. A second official said the two sides are “close to moving forward” with the investment treaty since it is a “good …

Jaishankar in Germany: Russia, Ukraine have to negotiate, and India is willing to advise if they want
3 months, 1 week ago

Jaishankar in Germany: Russia, Ukraine have to negotiate, and India is willing to advise if they want

The Hindu  

India has a four-point principle towards the resolution of the Russia-Ukraine conflict, said External Affairs Minister S. Jaishankar on Tuesday. Responding to a question from The Hindu about the possibility of India hosting the conference, and playing a role as peacemaker, Mr. Jaishankar said that India believes in four principles: that this should be a time of peace; that there …

India has trade surplus with 151 nations; deficit with 75 during Jan-June 2024: GTRI
3 months, 3 weeks ago

India has trade surplus with 151 nations; deficit with 75 during Jan-June 2024: GTRI

The Hindu  

India has recorded trade surplus with as many as 151 countries such as the U.S. and Netherlands, while the country has a trade deficit with 75 nations including China and Russia during the first half of this year, according to think tank GTRI. "Between January and June 2024, India had a trade surplus with 151 countries, representing 55.8 per cent …

India 'not rethinking' on issue of allowing Chinese investment as suggested by Economic survey: Piyush Goyal
4 months, 3 weeks ago

India 'not rethinking' on issue of allowing Chinese investment as suggested by Economic survey: Piyush Goyal

India TV News  

New Delhii: Commerce and Industry Minister Piyush Goyal said on Tuesday that there is no rethinking in the government to support foreign direct investments from China, as was pitched by the Economic Survey recently. India faces two choices to benefit from the 'China plus one strategy' -- it can integrate into China's supply chain or promote FDI from China. China …

India seeks to boost exports to Russia after Modi's visit
5 months, 1 week ago

India seeks to boost exports to Russia after Modi's visit

Hindustan Times  

India is exploring ways to boost its exports to Russia, including by encouraging rupee-rouble trade and pushing Moscow to lift non-tariff barriers, New Delhi said on Monday, in the wake of Prime Minister Narendra Modi's visit to Moscow. Prime Minister Narendra Modi exchanges greetings with Russian President Vladimir Putin after receiving the Order of St Andrew the Apostle the First-Called, …

Much more than a bear hug: Analysing India-Russia relations
5 months, 1 week ago

Much more than a bear hug: Analysing India-Russia relations

Firstpost  

India defying the West to engage with Russia meant that other Third World countries in the Global South now has a credible precedent to cite and follow Bear-hug it was when Modi and Putin met, but there was much more to bilateral relations that was exchanged at their 22nd summit. Image: AP If equivocal or unequivocal words could hurt, Prime …

Watch: Modi-Putin meet- What is India’s message from Moscow?
5 months, 1 week ago

Watch: Modi-Putin meet- What is India’s message from Moscow?

The Hindu  

There were many firsts to PM Modi’s two day visit to Russia, his first since the invasion of Ukraine, and his first destination for a bilateral summit in his 3rd tenure in office, the first time they held the Annual Summit since 2021, and the first time an Indian leader was awarded Russia’s. The India Russia Joint Statement issued spoke …

Russia will be ‘largest contributor’ to India’s energy security: Diplomat
5 months, 1 week ago

Russia will be ‘largest contributor’ to India’s energy security: Diplomat

Hindustan Times  

New Delhi: Russia is committed to being the “largest contributor” to India’s energy security after accounting for more than a third of the country’s oil purchases and is giving priority to long-term contracts for crude, coal and fertilisers, a senior Russian diplomat said on Wednesday. Charge d’Affaires of Russia in India Roman Babushkin India and Russia on Tuesday set a …

India to remain strategic partner despite concerns over its ties with Russia: U.S.
5 months, 1 week ago

India to remain strategic partner despite concerns over its ties with Russia: U.S.

The Hindu  

India will continue to be a strategic partner for the U.S. despite concerns over its ties with Russia, the Biden Administration has said. On the other hand, US State Department Spokesperson Matthew Miller told reporters at his daily news conference that the US has been quite clear about its "concerns about India's relationship with Russia." India has been stoutly defending …

Russia in talks for developing six more nuclear power units in India amid PM Modi's visit: Report
5 months, 2 weeks ago

Russia in talks for developing six more nuclear power units in India amid PM Modi's visit: Report

India TV News  

PM Modi's Russia visit: Prime Minister Narendra Modi's high-profile bilateral visit saw numerous agreements across several critical areas, including trade, climate change, and research. Russian state nuclear corporation Rosatom said it was discussing building six more nuclear power units in India; the Russian Direct Investment Fund inked pharma, shipbuilding and education agreements; and Russia's second-largest bank spoke of efforts to …

India, Russia to boost bilateral trade to $100 billion by 2030
5 months, 2 weeks ago

India, Russia to boost bilateral trade to $100 billion by 2030

The Hindu  

India and Russia agreed to increase bilateral trade to $100 billion dollars by 2030, including the use of national currencies to circumvent Western sanctions, as Prime Minister Narendra Modi and Russian President Vladimir Putin sat down for the 22nd Annual Summit here on Tuesday. The meeting between India and Russia came under attack from Kyiv where Ukrainian President called Mr. …

Putin hosts India’s prime minister to deepen ties, but Ukraine looms over their relationship
5 months, 2 weeks ago

Putin hosts India’s prime minister to deepen ties, but Ukraine looms over their relationship

Associated Press  

Indian Prime Minister Narendra Modi met President Vladimir Putin in Moscow on Tuesday, seeking to deepen the relationship between the two nuclear powers at a time when NATO leaders gathered in Washington and Russia launched deadly missile attacks in Ukraine that hit a children’s hospital. “Our relationship is one of a particularly privileged strategic partnership,” Putin told Modi, who made …

What lies behind arms talks between India’s Modi and Russia’s Putin?
5 months, 2 weeks ago

What lies behind arms talks between India’s Modi and Russia’s Putin?

Al Jazeera  

Russia and India have a long history of collaborating on defence. India’s prime minister, Narendra Modi, is making his first visit to Russia since the invasion of Ukraine to discuss issues that include defence and weapons deals. The support would be practical but would stop short of India publicly backing Russia’s war effort. A day before Modi left for Moscow …

‘There are issues...like trade imbalance’: S Jaishankar on PM Modi's Russia visit
5 months, 2 weeks ago

‘There are issues...like trade imbalance’: S Jaishankar on PM Modi's Russia visit

Hindustan Times  

Prime Minister Narendra Modi's Russia visit is a great opportunity for him and the country's president, Vladimir Putin, to hold direct talks on a host of issues including trade, said external affairs minister S Jaishankar on Sunday. "There are issues.like the trade imbalance.So, at a leadership level, it will be a great opportunity for Prime Minister Modi and President Putin …

The view from India newsletter: When Modi goes to Moscow
5 months, 3 weeks ago

The view from India newsletter: When Modi goes to Moscow

The Hindu  

Prime Minister Narendra Modi will visit Russia from July 8 to 9 where he is expected to meet President Vladimir Putin to have talks on strategic, economic and defence ties between the two countries. To put this in the context, India’s crude imports from Russia was just $2.4 billion in 2021-2022, the fiscal year before the Ukraine war began. In …

Build your plants in Russia, Moscow tells Indian drugmakers
6 months, 1 week ago

Build your plants in Russia, Moscow tells Indian drugmakers

Live Mint  

New Delhi: Sanctions-hit Russia is looking to India for drug security at a time of shortages triggered by its war in Ukraine, a government official aware of the matter said. Moscow has proposed financial support for Indian companies ready to build facilities in Russia, and is seeking higher pharmaceutical exports from India to meet domestic demand, the official said on …

India in trade deficit with nine of top 10 trading partners in 2023-24
6 months, 3 weeks ago

India in trade deficit with nine of top 10 trading partners in 2023-24

The Hindu  

India has recorded a trade deficit, the difference between imports and exports, with nine of its top 10 trading partners, including China, Russia, Singapore, and Korea, in 2023-24, according to official data. India's total trade deficit in the last fiscal narrowed to $238.3 billion as against $264.9 billion in the previous fiscal. Economic think tank Global Trade Research Initiative said …

EAM Jaishankar Says India’s spike in trade with Russia not a ‘temporary phenomenon
7 months ago

EAM Jaishankar Says India’s spike in trade with Russia not a ‘temporary phenomenon

The Hindu  

India's rise in trade with Russia should not be seen as a "temporary phenomenon" as more economic opportunities are emerging, India's Foreign Minister said on Friday. India and Russia have a close relationship stretching back decades, and New Delhi has refused to condemn Moscow over its February 2022 invasion of Ukraine, urging the two sides to end the conflict through …

Chabahar: India’s Balancing Act Against China, West Asia and the West
7 months, 1 week ago

Chabahar: India’s Balancing Act Against China, West Asia and the West

News 18  

Geostrategy is increasingly becoming a process of increasing a nation’s options. While Russia has been encountering sanctions from Western Europe and the US ever since the war with Ukraine, Iran has endured them for far longer. The US, Israel and others in West Asia are aware of India’s cordial relationship with Iran. India’s sea and land route via Chabahar in …

The lopsided reality of the Russia-China relationship
7 months, 1 week ago

The lopsided reality of the Russia-China relationship

Live Mint  

When Russian President Vladimir Putin visits Chinese leader Xi Jinping in Beijing this week, the two leaders will seek to project their customary united front against the U.S.-led global order. “It’s a strategic partnership where both sides need each other but it’s increasingly asymmetrical in China’s favor," said Alexander Gabuev, director of the Carnegie Russia Eurasia Center in Berlin. The …

India saved USD 13 billion by importing discounted Russian crude
7 months, 3 weeks ago

India saved USD 13 billion by importing discounted Russian crude

New Indian Express  

NEW DELHI: India has saved around $13 billion by importing discounted crude oil from Russia in the past two years, according to a study by ICRA, the rating agency. According to energy cargo tracker Vortexa, India received 1.36 million barrels of crude oil per day from Russia in March 2024, compared to 1.27 million barrels per day in February 2024. …

No sanctions against India for purchasing, refining Russian oil: U.S. Treasury officials
8 months, 2 weeks ago

No sanctions against India for purchasing, refining Russian oil: U.S. Treasury officials

The Hindu  

April 04, 2024 07:55 pm | Updated 09:51 pm IST - NEW DELHI Striking a conciliatory note on India’s imports of Russian oil, U.S. Treasury department officials visiting Delhi said on April 4 that the aim of U.S. sanctions and the oil “price cap” was not to limit the purchase of Russian ‘Ural’ oil, but to limit the revenues made …

US has not asked India to reduce Russian oil imports: Officials
8 months, 2 weeks ago

US has not asked India to reduce Russian oil imports: Officials

Hindustan Times  

NEW DELHI: The US has not asked India to reduce its imports of Russian oil and the price cap and sanctions regime imposed by the G7 are aimed at squeezing Moscow’s profits from crude sales and impeding its ability to finance the war in Ukraine, two US officials said on Thursday. Russian oil is priced above $60 a barrel The …

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