Politics · India Bureau
Modi, Putin Set Sights on $100 Billion Trade Target at BRICS Summit
Prime Minister Narendra Modi and Russian President Vladimir Putin discussed expanding bilateral economic and defence cooperation at the BRICS Summit, with both nations aiming to achieve $100 billion in trade by 2030.
LSN India ·
India and Russia have reaffirmed their commitment to strengthening economic ties during discussions between Prime Minister Modi and President Putin at the BRICS Summit. The two leaders reviewed the current state of bilateral trade and defence cooperation, identifying opportunities for expanded engagement across multiple sectors.
Both nations have set an ambitious target of reaching $100 billion in bilateral trade by 2030, signalling their intent to deepen economic integration despite global headwinds. The trade target represents a significant increase from current levels and underscores the strategic importance both countries place on their partnership.
Defence cooperation featured prominently in the Modi-Putin discussions, reflecting the long-standing military and security dimensions of the India-Russia relationship. The two leaders explored pathways to enhance defence collaboration, including technology transfer, joint exercises, and military modernisation initiatives.
The discussions come at a time when India continues to balance its strategic partnerships while maintaining its traditional ties with Russia. The engagement at the BRICS platform highlights the ongoing importance of the bilateral relationship in regional and global affairs.