Russia-India trade may reach $30 billion by 2025: Russian Economic Development Minister

ANI New Delhi, Delhi, India Oct 05, 2018, 04.02 PM(IST)

Russian Economy Minister Maxim Oreshkin. Photograph:( Reuters )

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According to the Russian Federal Customs Service, the Russian-Indian trade amounted to $9.3 billion in 2017, which was a 21 per cent year-on-year increase. 

The trade between Russia and India may reach $30 billion by 2025, while the investment volume may reach $50 billion, Russian Economic Development Minister Maxim Oreshkin said on Friday.

"As for the enhancement of our economic ties, we have been tasked to increase trade up to $30 billion ... and investment up to $50 billion by 2025," Oreshkin said at the Russian-Indian Business Forum.

According to the Russian Federal Customs Service, the Russian-Indian trade amounted to $9.3 billion in 2017, which was a 21 per cent year-on-year increase.