The Current State and Major Trends of Russian-Indian Trade and Economic Cooperation
The Russian Federation attaches great importance to the development of cooperation with Asian countries. One of the leading economies of the region is India. It ranks third in GDP (PPP) among all countries of the world. Russian-Indian relations have a long history and are traditionally multifaceted. Foreign trade cooperation between two countries has a positive development trend. At the same time, the volume of foreign trade cooperation between Russia and India significantly lags behind the pace and volume of Russian-Chinese cooperation. The importance of enhancing trade and economic ties and expanding mutually beneficial cooperation between the countries consists in maintaining a balance between the interests of Russia, China, and other Asia-Pacific countries, as well as maintaining an independent position and the importance of Russia in the world. This article considers the main aspects of Russian-Indian trade and economic relations based on the analysis of statistical data on the dynamics of volumes and commodity structure of export-import operations for 2010-2018. It also contains a conclusion on the most prospective areas of bilateral cooperation.