Modi, Putin push India-Russia trade towards USD 100 billion by 2030 — SkimNews

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- Modi and Putin directed their governments to expand bilateral cooperation after talks in New Delhi, focusing on trade, investment, and skilled-labor collaboration.
- India and Russia aim to increase bilateral trade to USD 100 billion and two-way investment to USD 50 billion by 2030, as confirmed by Indian Ambassador Vinay Kumar.
- India proposed that Russia establish or partner with Indian educational institutions to train skilled workers for Russian industries, citing its young workforce and global talent potential.
- Indian workers make up 25 to 30 percent of Russia's foreign labor quota, with India positioning itself as a key supplier of skilled personnel to meet Russian demand.
- Modi and Putin jointly participated in the BRICS business summit and visited the Innoprom-India exhibition, marking the first Russian industrial exhibition held in New Delhi.
Why it matters: India and Russia are locking in a strategic economic pivot with concrete $100 billion and $50 billion targets by 2030, shifting from energy-centric ties to structured trade, investment, and labor pipelines. This deepens Moscow’s non-Western partnerships amid sanctions while giving New Delhi access to Russian markets and industrial collaboration.
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