India and Russia retain strong and resilient economic cooperation that has developed significantly in recent years, with bilateral trade hitting a record high of about $70 billion, India’s Commerce and Industry Secretary Amardeep Singh Bhatia told TASS ahead of his visit to Russia.
He stated, “Russia and India continue to have robust and sustainable economic cooperation, which has grown significantly in recent years.”Bilateral commerce between the two nations in the 2025-2026 fiscal year reached a record $68.69 billion, highlighting the stability, complementarity, and strategic character of the economic partnership,” Bhatia noted.
He recalled that the leadership of India and Russia has set a target of expanding bilateral trade to $100 billion and mutual investment to $50 billion by 2030. “These criteria form a clear roadmap for the ongoing development of our economic cooperation,” he added. India has forcefully maintained its energy security in reaction to Western pressure and planned tariffs, arguing that its trade is simply business and citing similar trade levels between Russia, the EU, and the US.
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