Business & Economy

Russia-India Trade Hit Record High of $23 bn

© Photo : Social MediaPresident Vladimir Purin and Prime Minister Narednra Modi
President Vladimir Purin and Prime Minister Narednra Modi - Sputnik India, 1920, 27.06.2024
Bilateral Russian-Indian trade soared by 10%, hitting record high of $23 billion.
Trade between Russia and India in the first four months of the year increased by 10% to a record $23.1 bn, according to Indian customs.
Exports of Russian goods to India grew by 9% to $21.6 bn from January to April, making the country the second largest (after China) supplier of goods to India during the period.

This marked a significant increase in Russian and Indian trade from $21 bn to $23.1 bn between January and April. Thus, Russia remains the country’s fourth-biggest trading partner.

On the other hand, Russian imports of Indian commodities rose by 21% to $1.6 bn. This growth enabled Russia to rise from 33rd to 29th place, among the recipients of products from India.
In the meantime, the supply of smartphones from India increased 14-fold, while the export of laptop computers rose 25-fold during the same period.
Indian Gadgets Supply to Russia Increased - Sputnik India, 1920, 26.06.2024
Business & Economy
Indian Gadget Exports to Russia Spiked by 36% in Early 2024
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