In the wake of Russia’s invasion of Ukraine, economic ties between Russia and India have strengthened, despite Western criticism. Prime Minister Narendra Modi’s upcoming talks with President Vladimir Putin highlight India’s strategic neutrality and reliance on discounted Russian oil, coal, and fertilizers, which have significantly boosted bilateral trade. Historically strong defense ties add complexity, as India balances relationships with both Russia and the West. While new defense deals may be limited, opportunities in manufacturing and infrastructure projects, such as the International North-South Transport Corridor and the Chennai-Vladivostok maritime corridor, could enhance cooperation between the two nations.
houstonrice on
Likely yes. Russian oil bought by india. Indian payments to Russia remain in India. Russian dues converted into equity and assets of Indian companies. This gives liquid returns to Russia. Indian firms will not likely invest too much in Russia…they will supplant the Western suppliers for consumer goods.
Nomad1900 on
India has a rapidly growing manufacturing sector that Russia can benefit from. Russia has a lot of capital that they can deploy for long term deals, like the oil refinery they did earlier. Also they can import a lot of goods from India like automobiles, pharma, electronics, heavy machines, textiles etc.
Hope India Russia trade expands rapidly. And logistics issues are solved so that India can get more cheap natural resources from Russia.
ManOrangutan on
India is getting a free pass from Western media tbh. Right now a ton of stuff is exported to places like Kazakhstan and then imported into Russia from there. Prior to the war India basically sent nothing to Kazakhstan. Afterwards their exports there shot up. To be fair, China and even Germany are doing the exact same thing.
4 Comments
Submission Statement
In the wake of Russia’s invasion of Ukraine, economic ties between Russia and India have strengthened, despite Western criticism. Prime Minister Narendra Modi’s upcoming talks with President Vladimir Putin highlight India’s strategic neutrality and reliance on discounted Russian oil, coal, and fertilizers, which have significantly boosted bilateral trade. Historically strong defense ties add complexity, as India balances relationships with both Russia and the West. While new defense deals may be limited, opportunities in manufacturing and infrastructure projects, such as the International North-South Transport Corridor and the Chennai-Vladivostok maritime corridor, could enhance cooperation between the two nations.
Likely yes. Russian oil bought by india. Indian payments to Russia remain in India. Russian dues converted into equity and assets of Indian companies. This gives liquid returns to Russia. Indian firms will not likely invest too much in Russia…they will supplant the Western suppliers for consumer goods.
India has a rapidly growing manufacturing sector that Russia can benefit from. Russia has a lot of capital that they can deploy for long term deals, like the oil refinery they did earlier. Also they can import a lot of goods from India like automobiles, pharma, electronics, heavy machines, textiles etc.
Hope India Russia trade expands rapidly. And logistics issues are solved so that India can get more cheap natural resources from Russia.
India is getting a free pass from Western media tbh. Right now a ton of stuff is exported to places like Kazakhstan and then imported into Russia from there. Prior to the war India basically sent nothing to Kazakhstan. Afterwards their exports there shot up. To be fair, China and even Germany are doing the exact same thing.