InternationalFriday, 5 June 2026·The Hindu - National
India-Russia trade hits $68.7 billion in FY 2024-25; bilateral target set at $100 billion by 2030
India-Russia trade reached about $68.7 billion in FY 2024-25, while both countries aim to raise it to $100 billion by 2030.
Key highlights
Direct fact
On January 20, 2026, Russian Prime Minister Mikhail Mishustin said India was among Russia’s top foreign trade partners, as India-Russia trade in FY 2024–25 touched about $68.7 billion and both sides targeted $100 billion by 2030.
Key specifics
- India-Russia trade in FY 2024–25 reached about $68.7 billion.
- The trade value was up from roughly $13 billion in 2021, showing a nearly 5- to 6-fold rise.
- Both countries have set a target of $100 billion by 2030.
- Russia said the share of friendly countries in its trade turnover reached a historic high of 86%.
- Russia said roubles and other national currencies accounted for 85% of trade turnover from January to October, with roubles making up over half of settlement transactions.
Exam lens
TNPSC international relations question type: trade figures and bilateral targets, India-Russia trade $68.7 billion, 2021 base $13 billion, 2030 target $100 billion, 86% friendly-country share, 85% national-currency settlements.