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Services exports to Russia may hit US roadblock
The New Indian Express Tirunelveli
|January 06, 2026
AS India is aiming to scale up exports to Russia to address the enormous trade deficit of $58.9 billion, it will be challenging for Indian service companies with exposure to the US and European Union to tap the Russian markets.
Thus, India is trying to focus primarily on the nonservice exports, said a source from commerce ministry."Most services companies in India have exposure to the US. There will be people who would just focus on the Russian market. They will be able to do it. But those who are diversified, exposed to the US market, European market, they will think twice before doing it," said the source. Moreover, for service sector exports, language continues to be a major hurdle, said the source. Though the Indi
This story is from the January 06, 2026 edition of The New Indian Express Tirunelveli.
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