Russia-India trade turnover to triple by 2025
The volume of trade between Russia and India has been growing and exceeded $10 billion last year. The countries aim to boost trade and investments, according to Russian Economic Development Minister Maksim Oreshkin.
The minister was talking at a plenary session of the Russian-Indian Business Forum in New Delhi. The Russian delegation was headed by President Vladimir Putin, who arrived in India on Thursday on a two-day official visit.
“We have set a target of increasing trade turnover to $30 billion… and increasing investments to $50 billion by 2025,” Oreshkin said.
Russia & India seek to boost trade, switch to national currencies https://t.co/17UaYyvgGO
— RT (@RT_com) September 15, 2018
Statistics show that trade between Russia and India increased by 20 percent in January-July, amounting to more than $6 billion.
READ MORE: India suggests setting up special economic zone for Russian companies
Last month, New Delhi suggested setting up a special economic zone for Russian companies. Earlier, the two countries discussed creating a “green corridor” for the smooth transit of goods. They want to create a list of entrepreneurs or companies whose goods will be exempt from regular customs inspections.
For more stories on economy & finance visit RT's business section
