India identifies 300 products to boost exports to Russia, eyes $100B trade.

• India identified 300 products in engineering, pharmaceuticals, agriculture, and chemicals to boost exports to Russia.
• The initiative aims for a USD 100 billion bilateral trade target by 2030 and seeks to narrow India's USD 59 billion trade deficit with Russia.
• A significant export opportunity exists as India's current exports in these categories (USD 1.7 billion) are far below Russia's import demand (USD 37.4 billion).
• High-potential sectors include pharmaceuticals, engineering goods, chemicals, and agriculture, where India's exports are a small fraction of Russia's import needs.
• India's imports from Russia surged tenfold to USD 64.24 billion by 2024, primarily due to crude oil, cementing Russia's role as a key trading partner.

Why It Matters: India plans to boost exports to Russia, aiming to reduce its large trade deficit.