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2024

India seeks to boost exports to Russia after PM Modi's trip

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India is intensifying efforts to increase exports to Russia following Prime Minister Narendra Modi's recent visit to Moscow. Despite a surge in Russian exports to India, reaching $61.43 billion out of a total $65.7 billion trade last fiscal year, Indian exports like pharmaceuticals and machinery have seen minimal growth. New Delhi seeks to address non-tariff barriers on exports and promote rupee-rouble trade, despite challenges such as Russia's preference for more widely used currencies.