India-Russia Trade Jumps 80%; Modi, Putin Finalize Vision 2030 Economic Roadmap

India
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CNBC TV18•05-12-2025, 19:33
India-Russia Trade Jumps 80%; Modi, Putin Finalize Vision 2030 Economic Roadmap
- •India-Russia trade surged 80% to $64 billion, with leaders aiming for $100 billion before 2030.
- •Modi and Putin finalized the Vision 2030 economic roadmap, covering trade, energy, nuclear cooperation, and connectivity.
- •Negotiations began for a Free Trade Agreement between India and the Eurasian Economic Union to boost market access.
- •Both nations agreed to accelerate key connectivity corridors like INSTC and Chennai-Vladivostok maritime link.
- •Russia reaffirmed commitment to India's energy security, while India seeks cooperation in critical minerals and clean energy.
Why It Matters: India-Russia's economic surge creates new global trade, energy, and connectivity opportunities.
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