Russia’s demand profile opens new avenues for Indian exports: Officials

INDIAN AGRI AND ALLIED PRODUCTS HAVE STRONG PROMISE ALONG WITH ENGG GOODS AND PHARMA, OFFICIALS SAID

- Rajeev Jayaswal

India-Russia bilateral trade is moving from a narrow, energy-heavy engagement toa more layered and resilient economic relationship, with Russia's demand profile offering significant headroom for Indian engineering goods, pharmaceuticals and agricultural products, officials said on Wednesday.

The complementarity between India’s global export strengths and Russia's demand profile offers huge potential as at present India's share in Russia's imports remains modest around 2.3%, officials said on anonymity. New Delhi and Moscow have strong and time-tested bilateral relationships, which can be leveraged to boost two-way trade, they added.