$100 billion import and export opportunity
India Indian Prime Minister Narendra Modi pays official visit to Russia Work with President Putin to promote bilateral trade and economic relations and develop a trade roadmap to achieve Target of USD 100 billion (Rs 834 lakh crore) annual trade by 2030This is one of the biggest import and export opportunities that every importer and exporter should consider in order to expand their business. The goal is to improve Import and export trade structure Trade procedures/process Emphasis on trading in Indian Rupee (INR) Provide job benefits, and Strengthen logistics support Focus on “Made in India” products Why does India want to take India-Russia trade volume, growth and balance to a higher level? In 2023, India's trade with Russia reached a record high of $65 billion. Trade volume increased significantly by 66% last year and is expected to increase by another 20% in the first quarter of 2024. India's trade deficit with Russia is $57 billion during 2023-2024. Therefore, India is…
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