PM Modi: India-Russia to surpass $100 bn trade target early, urges investment

• PM Modi expressed confidence that India and Russia will surpass their $100 billion trade target before 2030.
• PM Modi urged Russian businesses to increase investments in India, highlighting opportunities in logistics, automobiles, pharmaceuticals, and textiles.
• Russian President Putin advocated for an early preferential trade agreement between India and the Eurasian Economic Union to ease trade barriers.
• Both leaders discussed cooperation in various sectors including EV manufacturing, civil-nuclear energy, vaccines, and AI.
• Putin emphasized the importance of resilient bilateral settlements, reliable payment mechanisms, and using national currencies for trade.

Why It Matters: India-Russia's accelerated trade target signals deepening economic ties and global market shifts.