India seeks trade parity with Russia

NEED TO BRING MORE DIVERSITY IN TRADE BASKET, REDUCE BARRIERS: GOYAL

- MUKESH JAGOTA

AS RUSSIAN PRESIDENT Vladimir Putin arrived in India on Thursday on a two-day visit, India sought harmonisation of standards with Russia and reduction of regulatory barriers to enable higher exports that will balance the trade between the two countries and take it to $100 billion by 2030.

“It (bilateral trade) is very skewed and needs to be more balanced. We need to bring more diversity in our trade basket. We will work collectively to reduce and eliminate trade barriers,” Commerce and Industry Minister Piyush Goyal said at the India-Russia Business Forum meeting.