At the BRICS summit in Kazan, member countries made significant strides toward de-dollarization, aiming to reduce their reliance on the U.S. dollar for international transactions. This initiative was underscored by the unveiling of a symbolic BRICS banknote featuring the flags of Brazil, Russia, India, China, and South Africa, signaling a...
Indian beauty products are finding a welcoming market in Russia due to the current supply crunch in the latter’s market. The alignment of consumer preferences, such as the demand for natural and organic products, presents significant export potential for Indian brands. However, the opportunity has to be grabbed in the...
Manufacturing PMI data reached a record high for India in October 2020, reflecting pent-up domestic demand, a positive sentiment due to the festive season and optimism on a possible uptick in exports in the coming months. India’s manufacturing PMI has risen to a high of 58.9 in October as compared...
Olga Kulikova, Business Ambassador to India and member of General Council of All-Russia Public Organisation “Business Russia”, opines that Indian programs like Make in India should create investment attractiveness for Russian business tycoons. However, she admits there is a lack of awareness regarding these initiatives of the Indian government in...
Russia is among the most important strategic partners for India. However the economic content of the India-Russia partnership is extremely weak, and urgent steps need to be taken to improve the economic relations. The first ever Indo-Russian Strategic Economic Dialogue will be held in St Petersburg this July to strengthen...
With trade between Russia and India far below its potential, the two countries are contemplating creating a ‘green corridor’ for the smooth transit of goods. But what is the idea behind this green corridor? There are four types of corridors introduced in the customs border: green corridor (goods through this...
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