Challenges for India — Russia Strategic Partnership
... Putin hopes that with the establishment of a free trade area between India and the EAEU, additional opportunities for diversifying trade will be created. However, there is not much progress being made in this field. Negotiations are still going on the FTA between India and EAEU. The trade between the EAEU members and India is still low. The trade volume between New Delhi and the member states stood at $7.3 billion in 2016, a dip from $7.6 billion in 2012. In contrary, India’s trade volume with the US and China ...