Goyal calls for push to boost India-Russia trade to $100 billion by 2030

Union Commerce and Industry Minister Piyush Goyal on Thursday said India Russia economic ties must move “from protocols to production, from trade to industry”.

Speaking at an event with Russian minister of industry and trade Anton Alikhanov in New Delhi, Goyal said bilateral trade, currently at around $60 billion a year, would need to grow by another $40 billion over the next four years, requiring sustained double-digit annual growth.

"We (India-Russia) are fast-tracking a new bilateral investment treaty to give investors on both sides the legal certainty that projects and businesses look for when they are finalising investment decisions," he said.