The upcoming state visit of Russian President Vladimir Putin to India is being hailed as a pivotal moment that will significantly elevate economic cooperation between the two nations. According to World Trade Centre Mumbai Chairman Vijay Kalantri, this high-level engagement is expected to push bilateral trade to unprecedented new highs.
Unprecedented Growth in Bilateral Commerce
Kalantri highlighted the remarkable trajectory of trade between India and Russia, noting it has witnessed unprecedented growth, reaching $65 billion this year. He projected an even more ambitious target, forecasting that the trade volume is poised to cross the $100 billion mark in the coming year. This surge underscores a deepening economic interdependence, moving beyond traditional defense ties into a broader commercial partnership.
A Trusted Partnership for New Economic Realities
Emphasizing Russia's role as a trusted and long-time strategic partner, Kalantri pointed out that Moscow views India as one of the world's fastest-growing major markets. Consequently, Russia is demonstrating a clear eagerness to expand commercial engagement across multiple sectors. On the other side, as India's production capacity and economic strength continue to rise, the nation requires strong and reliable export destinations to sustain its growth momentum.
Forum Aims for Balanced and Substantial Outcomes
The business forum accompanying the presidential visit is seen as a critical platform to drive this relationship forward. Kalantri expressed strong optimism that the discussions would lead to more balanced trade and deliver substantial outcomes in the near term. The focus is expected to be on creating sustainable trade flows that benefit both economies equally, leveraging their respective strengths.
The visit, scheduled for December 2025, is therefore not just a diplomatic formality but a concrete business milestone. It signals a mutual commitment to forge a 21st-century economic partnership that can withstand global geopolitical shifts and deliver prosperity for both India and Russia.
