India targets $100B Russia trade by 2030 with 300 key export products

• India identifies 300 products with high export potential to Russia, aiming for $100 billion bilateral trade by 2030.
• Key sectors for Indian exports include engineering goods, pharmaceuticals, agriculture, and chemicals, identified by mapping India's supply against Russia's demand.
• Increased exports in these areas could help India reduce its $59 billion trade deficit with Russia.
• Specific high-potential sectors like pharmaceuticals ($546M exports vs. $9.7B Russian demand) and engineering goods ($90M exports vs. $2.7B Russian demand) show significant growth opportunities.
• India's imports from Russia surged to $64.24 billion in 2024, primarily driven by crude oil, making Russia a key trading partner.

Why It Matters: India can significantly boost exports to Russia, reducing its trade imbalance.