300 Products Offer Huge Export Potential for India in Russia: Official

• India identifies 300 products with high export potential for Russia, spanning engineering goods, pharma, agri, and chemicals.
• The two nations aim for USD 100 billion trade by 2030, with increased Indian exports helping bridge a USD 59 billion trade deficit.
• Key sectors like engineering goods, pharmaceuticals, chemicals, and agriculture present significant growth opportunities in the Russian market.
• India's current exports to Russia stand at USD 1.7 billion, against Russia's USD 37.4 billion imports, highlighting substantial untapped potential.
• Labour-intensive industries such as textiles, apparel, and handicrafts also hold promise due to Russia's large consumer base and India's cost competitiveness.

Why It Matters: India can boost exports to Russia, reducing its trade deficit and opening new markets.