India-Russia Partnership: New Global Era, Expanded Strategic & Trade Focus

• Russian President Putin's visit strengthened India-Russia's 'Special and Privileged Strategic Partnership' across various sectors.
• Sammy Kotwani, President of the Indian Business Alliance, views the partnership as opening a "new global era," emphasizing Russia's focus on the East and India's crucial role.
• Suggestions include smoother ruble-rupee payments and improved logistics to boost trade between the two nations.
• Russia seeks significant support from India's workforce, and both countries aim for balanced trade and joint production, e.g., urea.
• PM Modi highlighted progress on a Free Trade Agreement with the Eurasian Economic Union and enhanced connectivity projects like INSTC and Chennai-Vladivostok Corridor.

Why It Matters: India-Russia partnership marks a new global era, boosting economic and strategic cooperation.