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As many as 300 products, including that of engineering goods, pharma, agri, and chemicals, hold huge potential for Indian exporters to push their shipments to Russia as the two countries target USD 100 billion trade by 2030, an official said. At present, India's exports of these goods to Russia stood at USD 1.7 billion, as against Russia's USD 37.4 billion in imports. "This stark disparity demonstrates the substantial complementary export space India can target," the official said, adding increasing exports will also help India bridge its trade deficit with Russia, which stood at USD 59 billion. These high-potential products have been selected by the commerce ministry by analysing complementary basket of products -- mapping India's supply visa-a-vis Russia's demand across key sectors, the official added. The most promising areas mirror India's rising global strengths are engineering goods, pharmaceuticals, chemicals and agriculture, all of which correspond to substantial unmet dema
The India-Russia partnership has been among the "steadiest big relationships" in the last 70-80 years and President Vladimir Putin's visit to New Delhi was about "reimagining" the ties with a focus on economic engagement, External Affairs Minister S Jaishankar said on Saturday. In an interactive session, he also disagreed with views that Putin's visit could complicate India's negotiations with the US on a bilateral trade agreement. "No, I disagree with you. I think everybody knows that India has relations with all the major countries in the world," Jaishankar said at the Hindustan Times Leadership Summit. "I think for any country to expect to have a veto or a say in how we develop our relations with others is not a reasonable proposition." Jaishankar was asked if Putin's two-day visit to New Delhi that focused largely on significantly enhancing the economic dimension of India-Russia ties will have a bearing on the negotiations with the US for the proposed trade deal. "Because ...