Trade between Russia and India increased by 20 percent in the first seven months of 2018 and continues to grow after surging 21 percent to over $9 billion last year, Russian President Vladimir Putin said on Friday
NEW DELHI (Pakistan Point News / Sputnik - 05th October, 2018) Trade between Russia and India increased by 20 percent in the first seven months of 2018 and continues to grow after surging 21 percent to over $9 billion last year, Russian President Vladimir Putin said on Friday.
"At one point, we set a task of increasing annual trade to $30 billion by 2025, and the volume of mutual investments to $15 billion. In this context, we noted with satisfaction that last year mutual trade grew by 21 percent, exceeding 9 billion. In the first seven months of this year, it was up another 20 percent [year-on-year]. If we move at such a pace, we will not only fulfill, but exceed [the set target], and we will reach our targets ahead of time and move on," Putin said following the Russian-Indian talks.
Putin is on an official visit to India. During his visit, numerous joint agreements were signed.
In late September, Russian Deputy Foreign Minister Igor Morgulov held a meeting with Indian Ambassador to Moscow Venkatesh Varma and discussed the state of bilateral relations.
