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India Russia work towards $100 billion trade by 2030

Union minister Piyush Goyal highlighted the trust underpinning India-Russia relations as both nations aim to achieve $100 billion in bilateral trade by 2030.

Puja Shil | | 1 min read

India Russia work towards $100 billion trade by 2030
AI Generated | MinuteBrief Team

In Brief

  1. India and Russia aim for $100 billion bilateral trade by 2030.
  2. Piyush Goyal cited trust as the foundation of India-Russia relations.
  3. Trade target reflects deepening economic cooperation between both nations.
  4. Efforts to strengthen partnership align with strategic and economic goals.

Union Commerce and Industry Minister Piyush Goyal underlined the importance of trust in the relationship between India and Russia, quoting Prime Minister Narendra Modi that "The greatest strength of India-Russia relation lies in trust."

Both countries are working towards boosting their bilateral trade to $100 billion by the year 2030, a target described by Goyal as ambitious. This reflects expanding economic ties amid a strategic partnership that has developed over decades.

The efforts involve enhancing cooperation across multiple sectors to achieve this substantial growth in trade volume. The target aligns with the mutual interest of strengthening diplomatic and economic relations between the two nations.

Officials view this as a significant task requiring sustained commitment and strategic collaboration in investment and commerce. The initiative marks an important step in consolidating the long-standing partnership between India and Russia.

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