PM Modi and President Putin at India-Russia Business Forum.
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Moneycontrol05-12-2025, 18:34

Putin hails India's economy, Modi's policy; seeks broad ties beyond energy

  • Russian President Vladimir Putin praised India's economy and PM Modi's independent, sovereign policy, noting it's one of the fastest-growing globally.
  • Putin expressed Russia's desire for multifaceted relations with India beyond just energy, highlighting untapped opportunities.
  • He credited PM Modi's "Make in India" initiative for India's technological sovereignty, particularly in IT and pharmaceutical sectors.
  • Bilateral trade between Russia and India reached $64 billion last year, with an 80% increase over the past three years.
  • Putin affirmed Russia's readiness to increase purchases from India across various goods and services, pledging support for business initiatives.

Why It Matters: Russia seeks diverse ties with India, recognizing its economic strength and independent policy.

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