Russia moved from the fifth to the fourth place among India’s largest trading partners, India’s Ministry of Commerce and Industry has said.
According to the Indian ministry, trade turnover between Russia and India from January to April 2023 increased by 3.8 times and reached 21.8 billion U.S. dollars.
During this period, India increased imports from Russia by 4.2 times, up to 20.5 billion U.S. dollars.
Indian exports to Russia grew by 1.6 times and reached 1.3 billion U.S. dollars.
India’s main trading partners remained China and the United States.
Ruslan Davydov, acting head of the Russian Federal Customs Service, said earlier that China, India, Türkiye, and Azerbaijan had replaced the European Union in Russia’s foreign trade.
