Datanomics: Trade, energy and defence in focus as Putin visits India

With oil imports down and arms reliance shrinking, summit eyes energy security, S-400, and a $29 billion trade deficit

Russian President Vladimir Putin is set to visit India for two days starting Thursday for the India-Russia Annual Summit. The meeting assumes significance against the backdrop of the US sanctions on Russian energy imports by India. Trade, defence, and energy likely to be discussed by both sides.    

Only 1% of India’s exports are Russia-bound 

India’s exports to Russia accounted for only over 1 per cent ($2.24 billion) of its total exports in H1FY26. Meanwhile, imports from Russia totalled $31.11 billion, with petroleum oil accounting for nearly three-fourths of the total imports.