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Mutual trade between Russia and India: key issues and prospects

Author

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  • Natalia Valer’evna Galistcheva

    (Moscow State Institute of International Relations (University) MFA Russia)

Abstract

The purpose of this study is to analyze mutual trade between Russia and India over the period 2000-2018, its trends and prospects. The author examines the current structure of Russia’s exports to India and imports from this country. The article also presents statistics, viz. Grubel-Lloyd Index that assesses the inter-industry trade between Russia and India as well as the Index of mutual trade intensity. The Russia-India mutual trade is more vertical than horizontal, and it does note provide its future sustainability. Thus facilitation of mutual trade requires development of cooperation in scientific, investment and military-technical between the countries, replacement of anti-dumping measures by respective import quotas on a reciprocal basis as well as trade in national currencies. The article also presents statistical data on the changes in Russia – India mutual trade, 2010 - 2018.

Suggested Citation

  • Natalia Valer’evna Galistcheva, 2019. "Mutual trade between Russia and India: key issues and prospects," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 3, pages 60-73, March.
    • Handle: RePEc:alq:rufejo:rfej_2019_03_60-73
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