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$100 BILLION BILATERAL TRADE WITH RUSSIA BY 2030 IS REALISTIC: JAISHANKAR
The Business Guardian
|November 12, 2024
The minister outlined ten critical areas of development that signal a promising trajectory for strengthening bilateral trade and investment relations between the two countries.
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Speaking at the India-Russia Business Forum in Mumbai, Indian Minister of External Affairs Dr S Jaishankar said by 2030 India-Russia bilateral trade will cross USD 100 billion.
He said, "Our bilateral trade is today at USD 66 billion. This makes the goal of reaching USD 100 billion by 2030 more than realistic. The balance of trade however needs urgent redressal since it is so one-sided. It is imperative that non-tariff barriers and regulatory impediments are speedily addressed for this to happen."
The India-Eurasian Economic Union trade-in goods negotiations commenced in March this year. We need to vigorously take it forward.
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