Home India India-Russia trade to reach USD 100 billion by 2030, says EAM Jaishankar

India-Russia trade to reach USD 100 billion by 2030, says EAM Jaishankar

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India-Russia trade to reach USD 100 billion by 2030, says EAM Jaishankar


file; ETO_EAM JaishankarIndia’s External Affairs Minister Dr. S. Jaishankar on Monday projected that bilateral trade between India and Russia would surpass USD 100 billion by 2030, calling it a realistic and achievable goal. Speaking at the India-Russia Business Forum in Mumbai, Jaishankar said: “Our bilateral trade is today at USD 66 billion. This makes the goal of reaching USD 100 billion by 2030 more than realistic. The balance of trade however needs urgent redressal since it is so one-sided. It is imperative that non-tariff barriers and regulatory impediments are speedily addressed for this to happen. The India-Eurasian Economic Union trade-in goods negotiations commenced in March this year. We need to vigorously take it forward.”

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