India-Russia Trade Expansion: Seeking Approvals for Marine and Pharmaceutical Exports to Reach $100 Billion Goal by 2030

Nov 14, 2025 03:10 am CST

India seeks Russia's expedited approval for marine and pharmaceutical exports as part of strategic efforts to enhance bilateral trade from current $25 billion to $100 billion by 2030. Commerce Secretary Rajesh Agrawal's Moscow visit resulted in a comprehensive trade protocol covering multiple sectors including engineering, chemicals, electronics, and IT services, with both nations committing to explore payment solutions benefiting businesses of all sizes.