The first five months of the fiscal year, which began in India last April, saw more than $ 18.2 billion in trade between Russia and India, according to a statement made on Friday by the Indian Ministry of Industry and Trade.
According to the Indian Ministry, the amount of commerce that took place between the two nations from April to August 2022 was $ 18. 229 billion. As a result of this huge increase in the index, Russia has moved up to become India’s seventh-largest trading partner.
The trade balance favours Russia because its exports to India totaled 17.2 billion dollars, while its imports from India totaled $992.73 million dollars.
Russia sent oil and fertilisers to India between April and August 2022.
For comparison in the past fiscal year, Russia ranked 25th with a total trade volume of $ 13. 1 billion.
Origin: Tas.
For the advantage of those who pour the trade balance, how much trade does Russia and India have?
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