Surging: Russia-India trade USD 57 bn in 2023; goes up 23 pc in Jan-April 2024
strategic partnership, noting that the trade turnover between the two nations saw a remarkable increase in recent years, reaching USD 57 billion in 2023.
In an exclusive interview with ANI, Manturov said that the momentum continued into 2024 with an additional 23 per cent growth, nearing USD 18 billion by April. This surge marks a 60 per cent growth from previous years, underscoring the robust nature of the bilateral relationship.
Expressing optimism about the future of Russo-Indian relations, particularly in trade and economic cooperation, he highlighted India's pivotal role in Russia's foreign policy strategy, affirming a commitment to enhance bilateral ties across various sectors on mutually beneficial terms.
«Today Russia-India relations have the nature of a special privileged strategic partnership. It is being confirmed by the numbers: following the results of 2023 the trade turnover between our countries grew by 60 per cent and reached 57 billion US Dollars, and in January-April this year it has already added another 23 per cent and got close to 18 billion US Dollars,» Manturov stated, attributing the growth in trade to mutual interests and shared economic goals.
He pointed to the new Concept of Foreign Policy of the Russian Federation, adopted recently, which prioritises strengthening ties with India across all fronts.
«India holds an important place in the new Concept of Foreign Policy of the Russian Federation, adopted last year. In this document it is directly stated that we will further continue
