Imports from Russia fall 5.54% in April to August

Russia was the only nation among India’s top 5 import sources to register a decline

- Rajeev Jayaswal

Russia was the only country among India's top five import sources to register a decline in five months to August.

(HT)

India’s imports from Russia declined 5.54% to $26.46 billion in the first five months of the current financial year, bringing the country’s second-largest supplier close to being overtaken by the United Arab Emirates, government data showed.

Russia was the only country among India’s top five import sources to register a decline, with all other major suppliers posting robus growth of 8% or more year-on-year. The country’s imports from Russia dropped from $28.01 billion in the corresponding period last year.