ST. PETERSBURG, Jan 23 (NNN-TASS) – In the first 11 months of last year, the trade volume between Russia and India increased 1.9 times year on year, reaching a record high of 59.7 billion U.S. dollars, RIA Novosti news agency reported, yesterday, citing data from the Indian Ministry of Commerce and Industry.
Indian exports to Russia increased more than 1.4 times, to 3.7 billion dollars, with medicines and steel products being the main export goods.
Russian exports to India grew 1.9 times to 56 billion dollars, mainly oil and petroleum products.
The United States remained India’s main trading partner. Trade volume between the two countries fell by eight percent to 109.8 billion dollars, in the same period.– NNN-TASS
