Toward More Balanced Russia–India Economic Relations

March 24, 2026

RIA Novosti

Topic: Russia's Foreign Policy, Education and science, Society and culture, Technology, Economy

Region: Russia, South Asia

Type: Reports

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Ivan Danilin

Ph.D. in Political Science, Deputy Director for Scientific Work, Primakov National Research Institute of World Economy and International Relations of the Russian Academy of Sciences (IMEMO)

Lydia Kulik

Ph.D. in History, Head of India Studies at the Moscow School of Management SKOLKOVO, Senior Research Fellow at RAS Institute of Oriental Studies, RIAC Member

Leyla Turayanova

Junior Research Fellow, Center of the Indo-Pacific Region, Primakov National Research Institute of World Economy and International Relations of the Russian Academy of Sciences (IMEMO)

Amit Bhandari

Senior Fellow, Energy, Investment and Connectivity, Gateway House: Indian Council on Global Relations

Polina Chupriyanova

Program Manager at the Russian International Affairs Council

Alexey Kashin

Program Assistant at the Russian International Affairs Council

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RIAC and Gateway House Report #113 / 2026

A sharp increase in economic cooperation became the most distinct feature in Russia–India relations in this decade. Despite both countries being major global economies, their partnership in trade and investment still holds large untapped potential for further growth. The following report proposes paths for expanding bilateral economic ties, assessing the current dynamics in trade, investment flows, technology exchange, and labor mobility. The authors analyze the impact of international sanctions on bilateral cooperation, examine challenges and opportunities in high-tech sectors, and provide recommendations aimed at strengthening the Russia–India economic partnership.

U.S. wants to establish partnership relations with Russia on condition that it meets the U.S. requirements	33 (31%)
U.S. wants to deter Russia’s military and political activity	30 (28%)
U.S. wants to dissolve Russia	24 (22%)
U.S. wants to establish alliance relations with Russia under the US conditions to rival China	21 (19%)

Toward More Balanced Russia–India Economic Relations

RIAC and Gateway House Report #113 / 2026

RIAC and Gateway House Report #113 / 2026

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