Mutual trade between Russia and India: key issues and prospects

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.