Indo-Russian agricultural trade

The head of state said that he had instructed the Russian government to think of proposals to be made to Indian friends and counterparts on the most promising areas of cooperation and how Russia can smoothen the imbalance in trade and other areas

Russia and India boast huge potential of economic cooperation and for this the countries need to resolve certain tasks to unlock all the available opportunities, said President Vladimir Putin at the plenary session of the Valdai Discussion Club.

The trade turnover between Russia and India is about INR 540000 Crores and INR 425000 crores with Belarus, Putin said. At the same time, the population is 1.5 bln in India and 10 mln in Belarus.

“It obviously does not correspond to our potential opportunities,” Putin stressed. “We need to solve the whole range of tasks to unlock our opportunities and potential advantages,” the Russian leader said.

Russia may buy more agricultural products and medicines from India, President
Vladimir Putin said at the plenary session of the Valdai Discussion Club.

“More agricultural products may be purchased from India. Certain steps can be undertaken from our side for medicinal products, pharmaceuticals,” Putin said.

The head of state said that he had instructed the Russian government to think of proposals to be made to Indian friends and counterparts on the most promising areas of cooperation and how Russia can smoothen the imbalance in trade and other areas.