The report shows that even though bilateral trade is touching $70 billion, India's exports stay below $5 billion while imports from Russia remain dominated by crude oil.

Stating that Russia is India’s ‘ sukh dukh ka saathi’, commerce minister Piyush Goyal on Thursday said both the nations are targeting bilateral trade of over $100 billion by 2030, up from about $70 billion at present.

Pacts on migration, health, maritime training, customs, academia and media were signed during the 23rd India-Russia Annual Summit.

GW by 2030. India added 6 GW in 2025, showing rapid sector growth momentum. Q3 2025 installations slowed due to grid and substation access delays. India's renewable energy capacity under the commercial and industrial (C&I) segment is expected to increase to 60-80 GW by 2030,