Indo-Russia Trade Ties Hopes Turnover To Be $10bn In 2years

Indo-Russian trade ties are hoped to produce a turnover of about $10 billion within the next two years. The current annual trade turnover between India and Russia stands at $5 billion. India currently calculates for a little over one per cent of Russia''s total external trade volume. Though the military-technical co-operation between the two countries had been quite stable, there was still a lot to explore in the sphere of trade and economic co-operation. The private sector in both countries has been slow to take advantage of the immense expansion that is taking place in the Indian and Russian economies. The concentration should be on improving visa regimes, removing cargo problems and beefing up market information networks so that private players can step up their activities