Mutual trade between Russia and India: key issues and prospects

Natalia Valer’evna Galistcheva
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Natalia Valer’evna Galistcheva: Moscow State Institute of International Relations (University) MFA Russia

Russian Foreign Economic Journal, 2019, issue 3, 60-73

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.

Keywords: Russia’s economy; India’s economy; Russia-India economic cooperation; Russia-India trade; Russia’s exports to India; Russia’s imports from India; Grubel-Lloyd Index; Index of mutual trade intensity. (search for similar items in EconPapers)
Date: 2019
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