“The fact is that Russia is one of the biggest natural resources producers in the world,” Jaishankar told an event in Kolkata to mark the Bengali-language edition launch of his book 'Why Bharat Matters' on Tuesday evening.
“Given India’s economic requirements, you say Viksit Bharat (developed India). What does Viksit Bharat mean? We are saying at least for 25 years, probably for much more, for 25 years this country is going to grow at seven, eight or nine percent,” the top Indian diplomat stressed.
“If I were to make, put the experience issue aside, forget that I am from a foreign policy world, if I were to make purely an economic or business decision, I would say that there is a very strong case to have that relationship with Russia because, people look at oil,” stated Jaishankar.
“Yes, oil is very important. But it is not just oil, it’s oil, it’s coking coal, it’s metals of various kinds, it’s fertilizers. And there are a range of products, and the more complex our economy becomes, I think in many ways, many of those resources out of Russia will become very important”, the Indian foreign minister went on to state.