India-Russia Vision 2030: Modi-Putin Target $100B Trade, Energy, Connectivity

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CNBC TV18•05-12-2025, 18:45
India-Russia Vision 2030: Modi-Putin Target $100B Trade, Energy, Connectivity
- •India and Russia adopted a "Vision 2030" roadmap during President Putin's visit, focusing on long-term cooperation in defence, energy, science, and space, outlined in a 70-point joint statement.
- •The 2030 Economic Programme aims to boost bilateral trade to $100 billion, with Russia committing to assured fuel supplies and securing critical mineral supply chains for India.
- •Both nations will fast-track major connectivity corridors, including the International North-South Transport Corridor, Northern Sea Route, and Chennai–Vladivostok Corridor, to enhance trade and reduce transit times.
- •Agreements were signed to open two new Indian consulates in Russia, streamline labour mobility, and expand cooperation in healthcare, food safety, pharmaceuticals, and maritime training.
- •Further collaborations include MoUs on fertilisers, customs data exchange, postal links, academic partnerships, and media agreements, alongside Russia joining the International Big Cat Alliance.
Why It Matters: Major India-Russia agreements will reshape trade, energy, and international relations.
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