Putin's India visit: Trade in focus as New Delhi looks to reduce deficit; exports of pharma, agriculture likely to get a push
Russian President Vladimir Putin’s visit to India is likely to deliver a significant push to economic cooperation, with government sources indicating that New Delhi is looking to narrow its trade deficit and secure deeper market access for Indian goods.
President Putin is arriving with a large business delegation, signalling what officials describe as a strong commercial intent behind the trip.
Strengthening economic cooperation, boosting exports
Government sources told TOI that the visit is expected to go a long way in strengthening economic co-operation, with President Putin travelling alongside a large delegation of business representatives.
India expects progress in reducing the significant trade deficit with Russia, and multiple avenues are being explored to increase Indian exports. These include pharmaceuticals, automobiles, and agricultural goods such as marine products.
Officials said improved export access would help Indian businesses secure a bigger market in Russia. This is also expected to support job creation and enhance the well-being of India’s farmers by widening opportunities for agricultural shipments.
Key agreements and new areas of collaboration
Multiple agreements and MoUs are expected during the visit in areas such as shipping, healthcare, fertilisers and connectivity, according to government sources.
Broader cooperation is also likely in people-to-people engagement, mobility partnerships, cultural exchanges and scientific collaboration.
The two sides are also preparing for the signing of key bilateral documents during Friday’s summit, including a long-term roadmap for economic cooperation until 2030.
President Putin is further scheduled to address the India–Russia Business Forum, where both governments expect to energise private-sector partnerships and attract new investments.
Deepening people-to-people ties
Beyond economic and trade outcomes, government sources said the visit will also focus on enhancing societal ties.
This includes mobility arrangements, cultural cooperation and scientific partnerships, giving the relationship greater depth beyond traditional areas such as defence and energy.
President Putin is arriving with a large business delegation, signalling what officials describe as a strong commercial intent behind the trip.
Government sources told TOI that the visit is expected to go a long way in strengthening economic co-operation, with President Putin travelling alongside a large delegation of business representatives.
India expects progress in reducing the significant trade deficit with Russia, and multiple avenues are being explored to increase Indian exports. These include pharmaceuticals, automobiles, and agricultural goods such as marine products.
Officials said improved export access would help Indian businesses secure a bigger market in Russia. This is also expected to support job creation and enhance the well-being of India’s farmers by widening opportunities for agricultural shipments.
Key agreements and new areas of collaboration
Multiple agreements and MoUs are expected during the visit in areas such as shipping, healthcare, fertilisers and connectivity, according to government sources.
Broader cooperation is also likely in people-to-people engagement, mobility partnerships, cultural exchanges and scientific collaboration.
The two sides are also preparing for the signing of key bilateral documents during Friday’s summit, including a long-term roadmap for economic cooperation until 2030.
President Putin is further scheduled to address the India–Russia Business Forum, where both governments expect to energise private-sector partnerships and attract new investments.
Deepening people-to-people ties
Beyond economic and trade outcomes, government sources said the visit will also focus on enhancing societal ties.
This includes mobility arrangements, cultural cooperation and scientific partnerships, giving the relationship greater depth beyond traditional areas such as defence and energy.
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