Published on: 2026-08-24
Source: Government of the Russian Federation –
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First Deputy Chairman of the Government of Russia Denis Manturov and Minister of Foreign Affairs of the Republic of India Subrahmanyam Jaishankar discussed issues of bilateral cooperation within the framework of the Intergovernmental Russian-Indian Commission on Trade, Economic, Scientific, Technical and Cultural Cooperation.
Thanks to coordinated efforts, the volume of mutual trade between Russia and India increased by 8% in the first half of 2026.
“Our task is not only to increase the volume of trade turnover but also to diversify its structure. Alongside traditional supplies of fuel and mineral fertilizers from Russia, trade in agricultural products and foodstuffs, engineering products, metallurgy, and the forest industry complex is expanding. At the same time, imports from India include pharmaceuticals, agricultural sector products, industrial raw materials, equipment and components, as well as light industry goods,” noted Denis Manturov.
According to the first Deputy Prime Minister, a new factor contributing to the sustainable growth of trade turnover will be the Free Trade Agreement between the Eurasian Economic Union and India. Its preparation is currently in an active stage.
Participants of the meeting also discussed opportunities to expand direct contacts between the business communities of Russia and India.
“To achieve this, it is necessary to stimulate business participation in exhibition and fair events. In this context, I would like to separately note the international industrial exhibition ‘Innoprom. India,’ which will be held for the first time in New Delhi on the eve of the BRICS summit. I am confident it will become an effective platform for finding new partners and discussing promising joint projects. On our part, we will be glad to see Indian colleagues at major international events planned in Russia by the end of the year. I mean the Eastern Economic Forum, which will start soon in Vladivostok, as well as the Russian Energy Week held in Moscow in October and the ‘Made in Russia’ forum in November,” said Denis Manturov.
In addition, the parties discussed expanding industrial cooperation and energy collaboration.
Another traditional area of Russian-Indian relations is the nuclear sphere.
“The successful experience of cooperation on the Kudankulam Nuclear Power Plant project forms the basis for expanding the range of interactions. This could involve the creation of new generation facilities in India, including small-scale ones, as well as the localization of equipment and nuclear fuel production. In addition, the state corporation Rosatom is discussing mutually beneficial formats of cooperation with Indian partners within the development of the Northern Sea Route. Its competitive advantages are obvious today; the use of this Arctic route will reduce transportation costs for economic operators,” emphasized Denis Manturov.
Speaking about humanitarian cooperation, the First Deputy Prime Minister noted interaction in the fields of tourism, culture, as well as in the scientific and educational sphere. According to him, more than a thousand cooperation agreements are being implemented between universities of Russia and India. The number of Indian students studying in Russia this year has approached 40,000.
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