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

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Moneycontrol•05-12-2025, 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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