In a significant move to enhance economic cooperation, India and Russia have reaffirmed their commitment to deepening bilateral trade through strategic partnerships. The foreign ministers emphasized the importance of diversifying trade portfolios, focusing on sectors such as energy, defense, agriculture, and technology. Both sides agreed on fostering innovation-driven collaboration and streamlining regulatory processes to facilitate smoother cross-border transactions. This renewed vigor aims to not only increase trade volume but also to build resilient supply chains that can withstand global market fluctuations.

Key focus areas highlighted during the discussions include:

  • Development of joint ventures in renewable energy and nuclear technology
  • Enhancement of agricultural exports, particularly spices and pulses from India
  • Expansion of defense manufacturing collaboration under Make in India initiatives
  • Promotion of cultural and educational…